Swiss Re Insurance-Linked Fund Management

Mt. Logan Capital Management, Ltd.

weather derivatives

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Weatherbill guarantees the sunshine in Victoria, BC

24th March 2009

Weatherbill have announced another of their Sunshine Guaranteed weather refund promotion deals. The latest deal is with the destination marketing organisation for Victoria, British Columbia; Tourism Victoria. The deal offers customers who book a vacation through Tourism Victoria for travel during April a $500 cash-back refund should they experience more than 1.25cm of rain in […]

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Weather futures trading volume on CME declines in 2008

11th March 2009

We’ve been waiting to see reported figures for the 2008 weather contract volumes traded on the Chicago Mercantile Exchange (CME). Unusually, the place we’ve found them is in an article on Medill Reports, a publication from Chicago Northwestern University. The numbers reported don’t look good either. We’d expected to see the trade in weather derivatives, […]

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Weather risk management not working for Washington Gas?

19th February 2009

Earlier this month I wrote about Star Gas Partners and their 10Q report which left you with the impression that they had failed to protect themselves against the vagaries of the weather even though they run what seems a decent weather risk management program. The 10Q perhaps highlighted that just having weather risk insurance and […]

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Weather risk management not working for Star Gas Partners?

4th February 2009

Reading the 10Q report from Star Gas Partners LP today leaves one with the impression that there is something wrong with their weather risk management cover. They mention the effects of weather on their bottom line both through adverse effects and changes in supply and demand so you’d assume they have a robust risk management […]

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CME Group expands its weather products to Australia

4th February 2009

CME Group has announced today that it is expanding its suite of weather products to include the Australian cities of Melbourne, Sydney and Brisbane. It’s the first time they’ve supported trading of weather products in Australia. The contracts will go on sale on the 23rd February and include temperature based products of heating and cooling […]

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