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Tullett Prebon hires weather derivatives broker Rosen from ICAP

Inter-dealer brokerage Tullet Prebon has hired a weather derivatives broker to its wholly owned subsidiary Tullett Prebon Energy. Peter Rosen joins the firm from his last role as a weather broker at ICAP and will report to Christopher Grosso, Director of Energy Products. He will be based in the firm’s read the full article →

Wind performance map of Europe shows variability of weather, value of hedging

A couple of weeks ago we wrote about renewable energy risk analysis firm 3TIER® who published a wind performance map for the U.S. in 2011 which showed that generally wind speeds across the U.S. were above average across the year. Now 3Tier have published a wind performance map for Europe read the full article →

Wind performance map shows value of weather hedging

Renewable energy risk analysis firm 3TIER® have published a wind performance map for the whole of 2011 which shows that generally wind speeds across the U.S. were above average across the year. Some regions saw wind speeds well above normal, as much as 15%, while others saw wind speeds -5% read the full article →

Long-range weather forecasts to increase in importance for reinsurers

Many weather and peril re/insurance pricing decisions have tended to be made based on analysis of historical data rather than on forecasts. Historical data has always been seen as the best way to predict weather trends and assess riskiness of a specific peril in a specific geographic location. Forecasts were read the full article →

Nikon and CelsiusPro team up to offer weather refund to camera buyers

Environmental Finance reports that Nikon cameras in Switzerland are utilising the services of weather risk management firm CelsiusPro AG to offer camera buyers in Switzerland a refund should the weather turn bad over a defined period over the Easter holidays.CelsiusPro have sold Nikon a weather derivative based cover that allows read the full article →