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Marsh to offer index-based earthquake and windstorm insurance solution

Marsh have announced that they are to begin selling the County Weighted Industry Loss (CWIL™) solution, which was developed in 2010 by Guy Carpenter as an index-based reinsurance contract issued by Nephila Capital. CWIL is now available to Marsh clients with exposure to U.S. windstorms or earthquakes and European windstorms.CWIL read the full article →

Ghana to adopt index-based weather insurance

Ghana looks likely to be another country who will adopt the usage of index-based weather insurance as a way to help their farmers cope with the vagaries and extremes of weather faced by the west African nation. The country is seeking to boost its food security and with the help read the full article →

Vortex Insurance Agency announces index-based drought insurance product

Vortex Insurance Agency, LLC, a subsidiary of MSI GuaranteedWeather, have announced a new product to help any businesses that depend on green pasture to hedge the risk that drought poses to their bottom line. The new product is index-based and utilises a rainfall index. Here's the full press release from read the full article →

Air India seeking to cover fog risk

Air India, the Indian national carrier airline, is trying to find an insurance company who will underwrite it's losses caused by fog. Fog in India is a major issue for airlines during the winter causing many delays and cancellations to flights. They sought this kind of cover last year as read the full article →

Willis hedges hurricane risks for NRG Energy

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 read the full article →