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Arbol acquires eWeatherRisk, aims to revolutionise weather risk transfer market

Arbol, a technology driven marketplace that uses blockchain and smart contracts, has acquired well-known specialist provider of weather risk transfer and weather hedging solutions eWeatherRisk, as it looks to revolutionise the way weather risk transfer contracts are bought and sold.eWeatherRisk is a long-time weather risk management and transfer market participant 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 →

Cat bonds, risk pools, parametric triggers key to risk mitigation: Aon

Innovative insurance and reinsurance mechanisms such as catastrophe bonds, risk pooling facilities and parametric triggers are all key ways that risk mitigation can be improved in the world's most vulnerable areas, Aon said today.The insurance and reinsurance broker highlighted the continuing issue of the protection gap and the need for read the full article →

Climate variability & Australian farm profits, why weather risk transfer is key

At a time when Australian has been sweltering in record heat while bush fires burned out of control, then suffering from severe storms, a recent study seeks to quantify the effect of climate variability on farm profits in the country.The impacts of both short-term climate risks such as drought and read the full article →

Nephila & Allianz’s Enel wind farm proxy revenue swap comes on-risk

Nephila Capital, the largest investment manager of insurance and reinsurance linked securities, is a regular participant in wind energy proxy revenue swap deals, alongside transaction partner Allianz Risk Transfer (Allianz ART).Nephila Climate, the weather and climate risk and reinsurance focused unit of the largest ILS fund manager Nephila Capital, regularly read the full article →

Wind power indices for risk transfer added to weatherXchange

Indices designed to facilitate the trading of weather risks related to wind power have now been added to weatherXchange, the parametric weather risk transfer platform operated by specialist Speedwell Weather.weatherXchange makes it easier for companies to access index-based weather risk protection, listing a range of weather risk transfer products that read the full article →

GrainCorp set for pay-out from 10-year drought derivative contract: Report

According to a media report, Australian agribusiness giant GrainCorp looks to be eligible to claim as much as AU $57.3 million in a pay-out under the 10-year risk transfer arrangement it entered into this year that protects it against grain production variability, particularly from drought.The Australian Financial Review (AFR) has read the full article →

ILS an “important part” of Insurance Development Forum’s work: Ekhosuehi Iyahen

The Insurance Development Forum (IDF) considers insurance-linked securities (ILS) to be an “important part” of the work it aims to do, according to Secretary General Ekhosuehi Iyahen.Speaking at a recent lecture in the Old Library at Lloyd’s of London, Iyahen said it was in the interest of the IDF to read the full article →

Nephila adds new hedge for weather-driven renewable energy

Nephila Climate, the weather, climate risk and reinsurance focused unit of ILS fund management firm Nephila Capital, has added a new product to its suite of hedging solutions for operators of weather-driven renewable energy businesses.Nephila has specialised in this sector for some years now, providing hedges to enable greater certainty read the full article →

InsuResilience Solutions Fund backs crop & livestock parametric insurance

The InsuResilience Solutions Fund, which is part of the InsuResilience Global Partnership, will fund and support the development of an index-based crop and livestock insurance solution for smallholder farmers in South Africa.It's the first funding announced by the InsuResilience Solutions Fund (ISF), which was established and is funded by KfW, read the full article →