weather derivatives

It’s that time of year when companies who have exposures due to colder weather are watching the long range weather forecasts and deciding whether or not to hedge their weather risks this year. We’re hearing that there has been increased interest in cold weather hedging this year after the extremes experienced in some parts of […]

The Chicago Mercantile Exchange (CME) has seen its first snowfall contract trade in the past week. With winter approaching companies are beginning to think about winter weather and seeking to hedge their exposures to either too much snow or too little.

Finding ways to smooth your revenue stream whatever the weather is becoming easier with more types of weather risk transfer and weather insurance products available than ever before. Finding ways to refund your customers if the weather’s bad and not lose out yourself is increasing in popularity too it seems.

Our third in this series of interviews with leading industry figures features Marty Malinow of Galileo Weather Risk Management Advisors LLC. Marty has been involved in the weather risk management marketplace for twelve years and in capital markets for twenty years. Before co-founding Galileo Weather he was co-founder of XL Weather & Energy and headed […]

CME Group has announced that it will begin to list rainfall futures, options on futures and binary options beginning on 31st October to be traded from 1st November. Both monthly and seasonal contracts will be available March to end of October across nine cities in the U.S. to businesses that want to manage their exposure […]

India’s government cabinet have today approved changes to the laws which allow commodity trading in the country. The laws have been in place and allowed trading of commodity futures since 2003. The new change to the law will allow commodity options to be traded on exchanges within the country.

Locarno International Film Festival, Bielersee-Navigation-Company and Ski Lifts Schwyz-Stoos Fronalpstock are among the winners this summer as they have successfully hedged against bad summer weather conditions in Europe. They hedged their financial risks with customized weather derivatives and received an automatic payout following a rainy summer according to CelsiusPro.

Washington, DC, May 27, 2010 — Members of the Weather Risk Management Association (WRMA) elected Members of the Board and a roster of association Officers at its 12th Annual Meeting in Miami, Florida held earlier this month.

“Broadening Our Reach” was the theme of WRMA’s 12th Annual Meeting, held on May 10-12, 2010 in Miami, Florida. The meeting showcased how wide the market’s reach has become with a packed audience of over 75 people hailing from North America, Europe, India and Australia.

Below please find a press release from the Weather Risk Management Association discussing their recent survey of the Indian Weather Risk Management Market. MIAMI, FLORIDA (May 12, 2010) – The Weather Risk Management Association (WRMA) released an industry survey of the Indian Weather Market today at its 12th Annual Meeting in Miami, Florida. The survey […]