A very interesting new hurricane risk instrument has come to light today in a press release from Weather Risk Solutions, LLC (WRS). The full press release is available here. HuRLOs are Hurricane Risk Landfall Options, a new derivative product devised by WRS which will begin trading on October 7th using their electronic trading platform and […]
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Reinsurers have been announcing the extent of their losses from hurricane Ike for a couple of weeks now, but we still have no official word from the ISO-PCS team as to the total loss incurred from the storm and whether the magic $10b number has been exceeded. $10b is a loss trigger amount for a […]
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Here’s an interesting interview with Barney Schauble of Nephila Capital from The Markit Magazine. Barney discusses his history in the market, the firm Nephila Capital and the future for the market itself. The article contains interesting insights into the history of Nephila and the recent partnership with Man Investments and also interesting opinion on the […]
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Swiss Re have announced a new partnership to help bring weather derivatives to European companies with CelsiusPro. Swiss Re are providing risk capacity and transfer expertise to support an online platform built by CelsiusPro. Companies can enter into weather derivative contracts online via www.celsiuspro.com. CelsiusPro are claiming that it’s the first time small and medium […]
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