weather derivatives

A really interesting new weather risk hedging product designed to help the wind power industry hedge the financial risk of wind variability has just been announced in a joint statement by renewable energy risk analysis firm 3TIER® and Galileo Weather Risk Management. They’ve collaborated to create a financial instrument that could have a huge impact […]

Swiss based weather derivatives and risk management specialist CelsiusPro have announced the launch of a new pricing platform for distribution partners and new test accounts at the Weather Risk Management Association conference in Houston, Texas. CelsiusPro, who work in partnership with Swiss Re are already known for their online platform and this announcement marks the […]

WeatherBill, a high profile technology focused provider of weather risk solutions and weather insurance for industries such as farming, has published a report looking at the impact of recent heavy rains across the U.S. Eastern Corn Belt and how that weather is likely to affect growers financially due to planting delays.

Yesterday we wrote that in the wake of the tragic events in Japan, South Korea had begun to discuss the possibility of utilising catastrophe bonds to transfer its risks of natural disaster to the capital markets. Now, further articles in the Korean press suggest that they are also looking to introduce a weather risk management […]

Spectron Group Ltd., a financial instruments brokerage with a large weather derivatives operation, has announced that they are to be sold to Marex Group Ltd. a leading independent futures broker for £95m ($156m).

The Weather Risk Management Association held their Australian meeting, a conference and networking opportunity for members and interested parties in Australia and New Zealand, last week. With the scale of recent weather disasters in Australia, such as flooding, wildfires and droughts, weather risk is a very hot topic at the moment. Australian companies do not […]

Russian insurer ROSNO, a subsidiary of Allianz, has launched a new weather insurance product for their clients. Allianz Risk Transfer assisted ROSNO in the development of this new product to protect clients against unfavourable weather.

The sun last week sent out the strongest solar flare for the last four years and scientists warn that this is a sign of things to come as we head toward a period of increased sunspot and solar storm activity. The next solar maximum, as it is called, is expected in 2013. This is when […]

Today, Agro National Inc. (Agro) announced a strategic relationship with eWeatherRisk.com to offer weather risk transfer solutions to Agro’s agricultural clients through Agro’s agent network. The relationship allows qualified producers to enter into weather contracts via eWeatherRisk.com and supplement their crop insurance coverage with weather risk derivative products.

It’s two years since the Chicago Mercantile Exchange (CME) launched its snowfall derivative contracts giving market participants a way to hedge the risks of there being too much snowfall and that impacting their business and profits. The snowfall contracts have been gaining traction and increasing interest especially since the recent snow storms have struck the […]