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2 million African farmers insured for weather & catastrophe risks: Swiss Re

One of the world’s largest reinsurance firms, Swiss Re, recently announced that two million African smallholder farmers are now protected against drought, floods and other natural perils, thanks to the efforts of the World Bank and Swiss Re Corporate Solutions.Back in 2012, Michel Lies, Swiss Re’s Chief Executive Officer (CEO) read the full article →

Weather-index microinsurance growing up, targeting sustainability

Weather-index based microinsurance schemes are beginning to grow up, as the schemes which were often launched as pilot projects with backing from development banks or agencies start to target a sustainable future as viable social businesses.We've covered this interesting sector for many years, watching the development of weather-index insurance and read the full article →

Endurance adds Grundmeyer for weather risk origination role

Endurance Global Weather, the weather-driven risk management products division of Bermuda reinsurance firm Endurance Specialty Holdings, has announced the hire of Michael Grundmeyer as Director of Origination for the Americas.Endurance Global Weather, formed when Endurance bought weather risk management solutions specialist Galileo Weather Risk Management, offers weather read the full article →

Willis & Endurance team-up on ‘cat-in-a-circle’ Australian weather transaction

Broker Willis Group Holdings, global risk advisor, insurance and reinsurance broker, and Endurance Global Weather, a division of reinsurer Endurance Specialty Holdings, have completed an extremely innovative weather transaction for an Australian client.Willis has designed and placed the innovative, derivative-based weather risk transfer solution to protect its client Roy Hill read the full article →