weather derivatives

At this time of the year the attention of the insurance-linked securities and catastrophe bond market will turn to the 2012 Atlantic Hurricane Season which begins in 10 days time. There are still two cat bond deals being marketed, both of which should close towards the end of this month. Long Point Re III Ltd. […]

The winter of 2011/2012 will be remembered not for extreme freezes, snowfall levels (although they were high in many areas) or winter windstorms (although the European season was marginally active, rather it will be remembered for being warmer than average. March 2012 was the warmest since records began in the U.S. and just the other […]

An interesting lawsuit is taking place in the U.S. between Mountain Creek Resort Inc., a ski resort operator, and Everest Indemnity Insurance Company, who provided Mountain Creek with weather insurance cover to protect them against a lack of snowfall during the peak ski season. It is rather strange though as the complaint seems to centre […]

Bermuda domiciled reinsurer Renaissance Re’s weather and energy risk management arm, RenRe Energy Advisors Ltd., have seen a large seasonal loss over the winter due to warmer than normal conditions across the U.S. and Europe according to their recent quarterly earnings call (transcript available here). It’s their second quarterly loss in succession as both Q4 […]

Skymet Weather Services, a provider of weather data and forecasts to various sectors in India, is planning to launch weather derivative indices on commodity exchanges such as India’s MCX and NCDEX according to a report in the Business Standard newspaper. Skymet are preparing the modelling and structure of weather derivative products in the hope that […]

Speedwell Weather Derivatives, a provider of software, weather data, forecasts and consultancy to the weather derivatives and weather risk management market have announced the release of SWS Version 8.0, the latest version of their weather derivative pricing and risk management software.

French supermarket retailer Carrefour, who have more 4,500 retail outlets in the country, is turning to a weather risk management information provider to assist them in making better decisions on merchandising and product selection. Through the deal with weather forecaster and data provider Metnext, Carrefour will integrate weather data into their sales forecasting and understanding […]

Here on Artemis we often discuss the vagaries of the weather and climate and this March was certainly an unusual month worth commenting on. The U.S. saw the warmest March on record since 1950, based on natural gas weighted Heated Degree Days (GWHDDs), according to an MDA EarthSat Weather press release. As well as breaking […]

The catastrophe bond market has continued its record start to the year in the last week, with three more deals coming to market bringing the current total for Q1 2012 to twelve transactions and over $1.8 billion. Unsurprisingly our news on the launch of each new cat bond features in the most read stories of […]

Galileo Weather Risk Management, a leading provider of weather risk management and customised weather protection products, has hired Ralph Renner, a veteran of the European energy markets, to help them push deeper into the sector and the growing area of weather protection for renewable energy producers. Renner, based out of Galileo’s London office, joins them […]