weather derivatives

Three Argentinian enterprises have joined forces to develop climate index futures to help agricultural producers to better protect themselves against the impacts of severe or inclement weather, with drought the first targeted product launch.

Some weather derivative contracts have been impacted by the unusually warm winter conditions seen in the fourth-quarter of 2015 and which have continued into this year, with January 2016 seeing more temperature records broken.

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.

Canadian province Manitoba has established a task force to explore the use of catastrophe insurance solutions in light of a rise in adverse weather events negatively impacting its agricultural sector, according to a recently published report.

According to China’s government Ministry of Civil Affairs, natural catastrophes and severe weather events cost the country a huge $41 billion of economic losses in 2015, a number that is far above the total covered by insurance and reinsurance.

Speedwell Weather, a provider of weather data, forecasts, analytics, software and consultancy to the weather risk management and derivatives market, has launched a new platform which it hopes will help facilitate weather hedging for energy industry players.

Once again the discussion of exchange-traded weather risk management products for Indian farms, companies and insurers has come to the fore, but this time the plan is for a product to be launched after September of this year.

Speedwell Weather, a provider of weather data, analytics, forecasts, software and consultancy to the weather risk management and derivatives market, has appointed joint CEO’s as it seeks to further develop its business.

European Energy Exchange AG, the EEX, is planning to launch exchange traded wind power derivatives and futures as a response to the “energy turnaround” which sees renewables increasing their share of global energy production.

Speedwell Weather, a provider of weather data, forecasts, software, analytics and consultancy to the weather risk management and derivatives market, has expanded its Speedwell Commodity Product to enhance the granularity of data available.