hedge

Endurance Global Weather, a weather hedging and weather risk management focused unit of Bermudian specialty P&C insurance and reinsurance firm Endurance Specialty Holdings Ltd., has completed a multi-year wind hedge transaction with Meridian Energy Australia.

Use and trading of hurricane derivatives is approaching record levels already this year with nearly a month of the Atlantic hurricane season still to play out. Demand for hurricane derivatives, which provide a hedge against storms making landfall along parts of the U.S. coastline has grown this year according to this article from the Wall […]

A study by the Insurance Information Institute has found that it’s not just tornadoes and hail which are capable of causing billion dollar insured losses in the U.S. during severe thunderstorm season. The study found that lightning strikes are responsible for a large amount of losses, with over $1 billion attributed to lightning during 2010.

A really interesting new weather risk hedging product designed to help the wind power industry hedge the financial risk of wind variability has just been announced in a joint statement by renewable energy risk analysis firm 3TIER® and Galileo Weather Risk Management. They’ve collaborated to create a financial instrument that could have a huge impact […]

Willis, the global insurance broker, has closed what is being called a ground-breaking index-based hedge for U.S. electric generation and retail company NRG Energy Inc. The transaction offsets the potential financial impact to NRG if a hurricane were to affect its business in the Houston, Texas area. The risk management vehicle used is known as […]

Earlier today I was reading a press release from Planalytics which discusses a deal they’ve struck to provide weather data services to a large ice cream manufacturer, Dreyer’s Grand Ice Cream, Inc. Planalytics will be providing Dreyer’s with access to data through their Weather Driven Demand (WDD) indices. Dreyer’s will be able to identify where […]

The winners of the annual Environmental Finance awards, which recognise the best transactions and leading individuals in environmental markets, have been announced. In the category of best Catastrophe Risk Deal; Scor has come in tops with it’s Atlas V catastrophe bond deal. It was the first deal post-Lehmans collapse and the award essentially recognises that […]