weather hedge


Tokio Marine HCC sees renewable opportunity with GCube acquisition

Tokio Marine HCC, the specialty insurance underwriter and part of the Tokio Marine Group, is aiming to create a ‘centre of excellence’ focused on renewable energy insurance, now that its acquisition of GCube has completed. GCube is a managing general agent (MGA) and underwriter focused on the renewable energy sector as read the full article →

Star Group gets weather derivative payout after warmer first-quarter

Weather hedging seems to have worked as intended for Star Group (formerly Star Gas Partners) in the first-quarter of 2020, as higher temperatures in the United States triggered a payout under the energy providers weather derivatives arrangements. Star Group has been using weather derivatives to hedge out the impacts of temperature read the full article →

Weather risk & renewables specialist GCube acquired by Tokio Marine HCC

Tokio Marine HCC, the specialty insurance players, has acquired GCube, a managing general agent (MGA) and underwriter focused on the renewable energy sector as well as weather risk transfer products. GCube has a track record of underwriting weather risk transfer on a parametric and index basis for the energy sector and read the full article →

GCube expands renewables & weather underwriting team

International renewable energy and weather risk underwriting specialist GCube has expanded its team with the addition of two new underwriters in its London office, as it looks to continue its expansion. GCube Underwriting Ltd. has this morning named Steve Allen and Adam Hearn to as a new Director and Senior Underwriter, read the full article →

GCube expands weather risk transfer solution across North America

International renewable energy underwriting specialist, GCube, has bolstered its weather risk transfer underwriting team for the wind and hydroelectric energy markets, as it looks to increase its penetration of the U.S. weather insurance and risk management market. GCube launched its unique weather risk transfer product in the second half of last read the full article →

Weather derivative contracts impacted by unusually warm winter

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. There are a number of reinsurance players with weather risk management and weather derivative units, as well read the full article →

GCube launches wind & hydro power weather risk transfer product

Renewable energy focused underwriting specialists, GCube Underwriting Ltd. (GCube), has launched a new weather risk transfer product for the wind and hydroelectric energy sectors, an area that increasingly reinsurance and insurance-linked securities (ILS) players seek to tap into. “While intermittency is a given for the renewables sector, as the proportion of read the full article →

Swiss Re in first-of-its-kind index-based wind farm weather hedge

Swiss Re Corporate Solutions, a division of the global reinsurance firm, has provided Infigen Energy with a pioneering wind farm hedge, protecting it across areas of Southern Australia, New South Wales and Western Australia from low-wind weather cycles. Swiss Re described the new transaction as the first-of-its-kind, as unlike other, traditional read the full article →

Axis appoints two to head new Weather & Commodity Markets initiative

Bermuda based global insurance and reinsurance group AXIS Capital Holdings Ltd. has been busy launching new initiatives in recent days. First it announced the launch of its third-party capital and capital markets initiative last week and now this week it has announced a new Weather and Commodity Markets unit. The new read the full article →

MDA EarthSat Weather expand wind generation forecast to include Europe

MDA EarthSat Weather, a consulting group for weather risk and commodity weather products and services, have announced the expansion of their current wind generation forecast product range. They are expanding their focus beyond the U.S. and will now offer forecast data and information for stations in the UK, Ireland, and read the full article →