Weather Risk Management

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Nephila helps Ares Management to three wind power proxy revenue swaps

Nephila Climate, the weather, climate risk and reinsurance focused unit of insurance-linked fund manager Nephila Capital, has entered into three wind power proxy revenue swap transaction to facilitate the financing of an acquisition and re-powering of a wind power portfolio.Alternative investment manager Ares Management Corporation utilised the proxy revenue swaps read the full article →

Weather risk market healthy & expanding: Malinow, Sompo Global Weather

Opportunities remain in the healthy and expanding weather risk market with both capacity supply and demand supporting short-term growth. And, at the same time, there’s likely to be a shift in weather market leadership away from “reinsurers with a front end”, according to Martin Malinow, President, Sompo Global Weather.Sompo Global read the full article →

Swiss Re sets up EU entity for derivative & ILS continuity post-Brexit

Global reinsurance firm Swiss Re has established a new European entity in Luxembourg named Swiss Re Capital Markets Europe, S.A. to ensure it has trading continuity for derivative contracts in the weather and energy risk transfer space, as well as ILS instruments, after Brexit.With the UK's position in the European read the full article →

Nephila Climate backs proxy revenue swap for Ranchero wind farm

Nephila Climate, the weather, climate risk and reinsurance focused unit of ILS fund manager Nephila Capital, has provided capacity to back another proxy revenue swap for a wind farm project, again alongside Allianz Risk Transfer.These transactions are becoming more frequent as the renewable energy sector, its investors and developers, increasingly read the full article →

Nephila & Allianz back wind farm revenue swap for Enel

Insurance-linked securities (ILS) and reinsurance linked investment manager Nephila Capital has again collaborated with insurer Allianz and broker ReSurety to deliver a wind farm proxy revenue swap product to transfer risks and support cash flows related to a new wind farm construction project.This wind farm proxy revenue swap transaction is read the full article →

Nephila Climate hires Ariane West as Director, Structured Finance

Nephila Climate, the weather, climate, environmental, social & governance risks focused unit of Nephila Capital, the largest insurance and reinsurance-linked fund manager, has hired Ariane West as a Director of Structured Finance.Nephila Climate (NCx) is dedicated to originating and structuring transactions, as well as securing investments for the Nephila funds read the full article →

Nephila helps Microsoft hedge renewable weather risk in three deals

Technology giant Microsoft has entered into three transactions involving the world's largest insurance and reinsurance linked investment manager Nephila Capital, as the company looks to hedge the weather risk associated with renewable energy production, making its energy costs more secure in the process.Nephila Capital, through its weather and climate risk read the full article →

Nephila signs up to offer pricing & capacity on weatherXchange

Nephila Climate, the weather and climate risk transfer focused unit of the largest asset manager in insurance and reinsurance linked investments, Nephila Capital, has signed up to provide indicative pricing through the Speedwell Weather run parametric weather risk transfer platform weatherXchange.In providing the indicative pricing for parametric and index-based weather read the full article →

Sompo offers parametric weather cover for real estate & hospitality sectors

New parametric and index-based weather risk transfer options tailored for the real estate and hospitality sectors have been launched by units of Sompo International Holdings Ltd., the Bermuda headquartered specialty insurance and reinsurance provider.The development sees the corporate Risk Solutions unit at Sompo International and the firms Global Weather risk read the full article →

MiCRO starts parametric business interruption insurance in El Salvador

The Microinsurance Catastrophe Risk Organisation (MiCRO), a reinsurance company established in Barbados and founded by Fonkoze and Mercy Corps with the support of Swiss Re, has launched a new parametric insurance product in El Salvador that is designed to provide business interruption coverage.The new product, named Produce Seguro in El read the full article →