Xchanging targets secondary trades

Xchanging said it hoped secondary "trades" of
reinsurance contracts would become an integral facility of its
X-gRm platform after reinsurance broker TigerRisk announced it had
completed the first such transaction.TigerRisk said the transaction related to the last year of a
three-year reinsurance contract.Private reinsurance transactions are not tradeable securities,
so the original carrier remains the risk bearer. However, it has
transferred part of its position to another underwriter -
effectiv