weather derivatives

Abaxx Technologies, a start-up financial software and market infrastructure company, has announced that Abaxx Exchange has expanded its suite of weather derivatives that it offers from wind to solar power, with German solar futures now available for trading.

Decentralised climate infrastructure platform dClimate has announced that it has launched Tyche, a blockchain-based platform designed to facilitate insurance risk transactions, which will initially focus on catastrophe reinsurance before expanding towards energy-linked weather derivatives and collateral facilities.

Abaxx Technologies, a start-up financial software and market infrastructure company, has launched the Enwex German Wind Futures on the Abaxx Exchange, which marks the introduction of a new suite of weather derivatives.

Liberty Latin America, one of the largest communications and entertainment service providers in the region, is anticipating around an $81 million payout from its parametric windstorm insurance after hurricane Melissa activated its coverage in the Caribbean.

NormanMax, the US based parametric insurance and reinsurance group with a pure-parametric syndicate at Lloyd’s, has hired Yong Li from reinsurer Swiss Re as its first President for Climate and Alternative Risk Solutions, bringing significant expertise in non-catastrophe weather risk transfer and trading to the firm.

The National Commodity and Derivatives Exchange (NCDEX) has signed a Memorandum of Understanding (MoU) with the India Meteorological Department (IMD) to develop India’s first parametric weather derivatives, according to a recent article from The Economic Times.

With climate change concerns on the rise for businesses around the world, a new report from CME Group has noted that average trading volumes for weather derivatives are seeing a boost in interest.

Speedwell Climate, a leading provider of weather, catastrophe and climate data, indices and settlement services, has been acquired by Vaisala, a global company focused on provision of measurement instruments and intelligence for climate action.

BGC Group, Inc., the global brokerage and financial technology company, has added a new hire to its weather derivatives trading desk, taking Leah Loguidice from Arbol for a weather derivatives origination and structuring role.

Having recorded a lower benefit from its weather derivatives for the last contract year, US energy company Star Group (formerly Star Gas Partners) has lifted the top-end of its protection from the weather hedges for its fiscal year 2025.