Using IFEX ELFS to Overlay US Cat Exposures

• IFEX ELF contracts for US Tropical Wind ELF provide an effective and efficient and means of adjusting  exposures to CAT risk.
  
  
• Protection Buyers and Sellers will be able to use IFEX ELFs to manage their financial aggregates to relevant tropical wind exposures.
  
  
• Adjustments to exposures can rapidly be made to reflect changing risk preferences without the need to commute or buy protections in the conventional reinsurance market.
  
  
• IFEX ELF positions can be used to hedge:
  
  - Holdings of shares in reinsurance companies;
  
  - CAT bonds;
  
  - Industry Loss Warranties;
  
  - Lloyd’s commitment.