TFS Energy today announced its US weather derivatives division completed a Dutch auction for Madison, WI and Cedar Rapids, IA, on behalf of a client who was looking to offset its risk. Offers were solicited for cumulative average temperature calls in Madison, WI and Cedar Rapids, IA, for the June – August 2008 time period. The auction had in excess of $50 million in notional risk placed, and was oversubscribed in terms of the capacity that was available in the market. Further details available via Business Wire & Yahoo.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.