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Climate variability & Australian farm profits, why weather risk transfer is key

At a time when Australian has been sweltering in record heat while bush fires burned out of control, then suffering from severe storms, a recent study seeks to quantify the effect of climate variability on farm profits in the country.The impacts of both short-term climate risks such as drought and read the full article →

Nephila & Allianz’s Enel wind farm proxy revenue swap comes on-risk

Nephila Capital, the largest investment manager of insurance and reinsurance linked securities, is a regular participant in wind energy proxy revenue swap deals, alongside transaction partner Allianz Risk Transfer (Allianz ART).Nephila Climate, the weather and climate risk and reinsurance focused unit of the largest ILS fund manager Nephila Capital, regularly read the full article →

Wind power indices for risk transfer added to weatherXchange

Indices designed to facilitate the trading of weather risks related to wind power have now been added to weatherXchange, the parametric weather risk transfer platform operated by specialist Speedwell Weather.weatherXchange makes it easier for companies to access index-based weather risk protection, listing a range of weather risk transfer products that read the full article →

GrainCorp set for pay-out from 10-year drought derivative contract: Report

According to a media report, Australian agribusiness giant GrainCorp looks to be eligible to claim as much as AU $57.3 million in a pay-out under the 10-year risk transfer arrangement it entered into this year that protects it against grain production variability, particularly from drought.The Australian Financial Review (AFR) has read the full article →

Parametric MGA Skyline Partners joins weatherXchange as capacity provider

weatherXchange, the parametric weather risk transfer platform operated by specialist Speedwell Weather, has added another new capacity provider for the weather hedging products available through it, in parametric managing general agent (MGA) Skyline Partners.Skyline Partners is based in London and operates with a focus on parametric insurance and risk transfer read the full article →

ILS an “important part” of Insurance Development Forum’s work: Ekhosuehi Iyahen

The Insurance Development Forum (IDF) considers insurance-linked securities (ILS) to be an “important part” of the work it aims to do, according to Secretary General Ekhosuehi Iyahen.Speaking at a recent lecture in the Old Library at Lloyd’s of London, Iyahen said it was in the interest of the IDF to read the full article →

Citadel offers weather hedging capacity on weatherXchange

Citadel Energy Investments Ltd., part of the giant Citadel investment organisation, is set to provide weather risk transfer capacity through the Speedwell Weather operated parametric weather risk transfer platform weatherXchange.Citadel invests and allocates capital across a huge range of asset classes, one of which within its commodities business is the read the full article →

Nephila adds new hedge for weather-driven renewable energy

Nephila Climate, the weather, climate risk and reinsurance focused unit of ILS fund management firm Nephila Capital, has added a new product to its suite of hedging solutions for operators of weather-driven renewable energy businesses.Nephila has specialised in this sector for some years now, providing hedges to enable greater certainty read the full article →

Nephila Climate takes weather risk to assist Scout wind farm financing

Nephila Climate, the weather, climate risk and reinsurance focused unit of the largest ILS fund manager Nephila Capital, has participated in another wind farm financing transaction, taking the weather risk out of the equation for operators and investors in the renewables project.Nephila has long been involved in the weather and read the full article →

Parametric ILS “vital” to reduce protection gaps, increase resilience: Mark Carney, Bank of England

Mark Carney, the Governor of the Bank of England, discussed the role of insurance and reinsurance technology as an essential financial took to smooth the world's transition to a 1.5 degree world and highlighted the role of insurance-linked securities (ILS) within that.Speaking on Sunday in New York, on the sidelines read the full article →