weather risk transfer


Nephila Capital uses Lloyd’s syndicate for ARC reinsurance renewal

Nephila Capital has participated as a reinsurance capacity provider for the African Risk Capacity (ARC), underwriting its first parametric weather risk transfer contract to cover African drought risks through its Lloyd's of London Syndicate 2357.Nephila Capital is the world's largest investment manager dedicated to reinsurance linked investments in natural catastrophe read the full article →

Endurance adds Grundmeyer for weather risk origination role

Endurance Global Weather, the weather-driven risk management products division of Bermuda reinsurance firm Endurance Specialty Holdings, has announced the hire of Michael Grundmeyer as Director of Origination for the Americas.Endurance Global Weather, formed when Endurance bought weather risk management solutions specialist Galileo Weather Risk Management, offers weather read the full article →

Weather Risk Management Assoc elects new board members

The Weather Risk Management Association (WRMA), an international trade association dedicated to promoting weather risk management to the industry and end-users, has announced the election of new members to its board.At the WRMA 2014 Annual Meeting, held in Miami Beach, Florida earlier this month, members of the association elected members read the full article →

Willis & Endurance team-up on ‘cat-in-a-circle’ Australian weather transaction

Broker Willis Group Holdings, global risk advisor, insurance and reinsurance broker, and Endurance Global Weather, a division of reinsurer Endurance Specialty Holdings, have completed an extremely innovative weather transaction for an Australian client.Willis has designed and placed the innovative, derivative-based weather risk transfer solution to protect its client Roy Hill read the full article →

Economic costs of weather volatility exceed impact of natural catastrophes

The annual economic costs from routine weather variance or weather volatility can far exceed the costs caused by natural catastrophes, according to a report showing the importance of weather risk management from insurer Allianz Global Corporate & Specialty SE.Volatile weather is increasing around the globe, according to the report, as read the full article →

eWeatherRisk and The Andersons partner to grow weather risk transfer market

eWeatherRisk, a specialist provider of weather risk transfer and weather hedging solutions to U.S. companies, is to partner with The Andersons, a diversified agricultural business, to expand the weather risk management market in the U.S. and increase its volume of weather risk transfer solutions in North America.The Andersons, an agricultural 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 →

Nicholas Ernst joins Choice Natural Gas as Director of Weather Markets

Nicholas Ernst, a high-profile figure in the weather risk management market, is joining Choice Natural Gas, a subsidiary of independent interdealer broker OTC Global Holdings, as its new Director of Weather Markets. Ernst spent ten years at weather broking focused Evolution Markets during which period he also served some time read the full article →

New index-based weather reinsurance product WExcess launched by Aon Benfield

Reinsurance broker Aon Benfield has launched a new index-based weather reinsurance product for UK insurers in collaboration with reinsurer Swiss Re and weather risk management specialists CelsiusPro today. The product, called WExcess, is designed to provide UK insurers with a source of index triggered reinsurance protection against losses from severe read the full article →

Whatever happened to weather risk securitization?

The weather derivatives market has been growing steadily with data from the Weather Risk Management Association (WRMA) showing that the overall market grew by 20% in the 2010 to 2011 year to a total size of $11.8 billion. The WRMA said that the OTC weather derivatives market alone is worth read the full article →