weather hedge


CME weather contracts to use Speedwell data for settlement & valuation

The Chicago Mercantile Exchange (CME), which has always been an exchange location where weather futures and derivatives have been traded, is set to use weather data for settlement and valuation of its contracts from specialist provider Speedwell. It's an important move as it puts a recognised third-party provider of global weather read the full article →

TP ICAP & Speedwell launch tradable climate index

TP ICAP group, one of the largest interdealer brokers in the world and Speedwell Group, a long-time specialist service provider to the weather risk management and parametric risk transfer market, have collaborated to launch a new climate index which aims to make financial risk related to the rate of climate read the full article →

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 →