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TigerRisk launches cat bond trading desk

TigerRisk PartnersLLC subsidiary TigerRisk Capital Markets & Advisory has receivedapproval from FINRA to begin trading catastrophe bonds in the secondary market.

TigerRisk's catastrophe risk trading platform will also includeindustry loss warranties and parametric products.

Patrick Gonnelli, partner and global head of insurance-linkedsecurities distribution and trading, will head the new trading desk. Gonnelli joinedthe company in 2010.