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Original Risk: A Society for Change Agents

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HURLOs want to bring hurricane hedging to everyone

27th August 2010

Remember HURLOs? Hurricane Risk Landfall Options? They were launched in October 2008 by Weather Risk Solutions, LLC (WRS) and promised a mutualized marketplace for hurricane options (our previous coverage here and here). To date they’ve been dabbled with by investment professionals but we haven’t heard a great deal more until today.

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CME bullish on snowfall derivatives

28th February 2010

Snowfall has certainly been a feature of the northern hemispheres winter months this year. The UK suffered much colder temperatures than normal and snowfall which remained on the ground for many days causing much disruption to transport, travel and businesses. The U.S. has suffered huge snowfalls in the northeast which again caused major disruption and […]

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First ‘2nd event’ hurricane option contract clears on the CME

24th March 2009

The Chicago Mercantile Exchange recently launched 2nd event Florida and Gulf Coast hurricane option contracts to the trading community. Already, Tradition have announced through a press release that the market is open for business as their U.S. reinsurance division Tradition Re have brokered the first deal on these new 2nd event contracts. The deal, a […]

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CME Group Hurricane Contracts Get an Early Start

22nd January 2009

Chicago, Wednesday January 21st 2009 – The 2009 hurricane season is already underway in the financial marketplace as CME Group announced trading activity on the first day of opening the 2009 contracts. This starts the season nearly five months ahead of the 2008 season. According to CME Group, 3000 Seasonal Maximum Binary Option contracts were […]

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Final loss estimate for Hurricane Ike to be a waiting game

28th October 2008

It’s become apparent that reinsurers are going to have to wait until December to get a final loss estimate from the ISO’s Property Claims Services unit. This won’t please those waiting to here whether any instruments such as catastrophe futures, options or bonds have been triggered. The magnitude of losses is becoming clear in reports […]

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World Bank and Malawi in weather risk management deal

14th October 2008

The World Bank has announced that it has completed a weather risk contract transaction with Malawi. It’s the first such deal with Malawi and the first time that a member of the International Development Association has been able to access weather risk management instruments through the World Bank. The UK Department of International Development provided […]

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