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Parametric ‘cat in a box’ Israel earthquake reinsurance deal completed

A first of its kind Israel earthquake parametric reinsurance transaction has been brought to market successfully by reinsurance firm Munich Re and capital markets reinsurance broker arm Aon Benfield Securities for Israeli insurer I.D.I.The innovative transaction uses a parametric 'cat in a box' solution, which would enable any potential loss read the full article →

IRS proposes to treat weather, catastrophe and longevity derivatives as notional principal contracts

Newly proposed regulations from the U.S. Internal Revenue Service (IRS) could change the way certain over-the-counter derivative transactions are treated for taxation purposes. The proposal would generally allow for OTC derivatives which are based on objective non-financial information to qualify as notional principal contracts (NPC's).Law firm Sidley Austin LLP have read the full article →

GE Energy and WSI launch wind forecasting products

I spotted an interesting press release on the website of GE Energy today which I thought relevant to our readership. It discusses a partnership between GE Energy and WSI Corporation which will offer more accurate forecasting tools to owners and operators of wind farms and their transmission or distribution partners. read the full article →