weather risk

Munich Re Trading, the division of the global reinsurance firm focused on providing weather and commodity solutions, including derivatives, index and parametric risk transfer, has hired a senior executive from Arbol, as John Coleman joins it to lead origination for agriculture opportunities in North America.

BGC Group, Inc., the global brokerage and financial technology company, has launched a new weather derivatives broking desk, with the hires of well-known weather hedging and trading specialists Nicholas and Eric Ernst.

Skyline Partners, a UK-based insurtech managing general agent (MGA) focused on parametric insurance and risk transfer has announced a partnership with satellite and space data specialists Spire Global, as it looks to bring satellite observations into the triggers for its parametric products and to expand its product offering to new lines of business.

US energy company Star Group (formerly Star Gas Partners) has benefitted from its weather derivative arrangements again in the first-quarter of 2023, recording a full recovery under the terms of the degree day contract it has in place.

London headquartered specialty insurance and reinsurance firm Beazley has teamed up with Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, to deliver a range of parametric climate and weather risk transfer products to clients.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has become the latest company to establish a collateralized insurer class of company in Bermuda, named Arbol Re Ltd.

Swiss Re Corporate Solutions has collaborated with re/insurance broker Aon and the International Finance Corporation (IFC) to develop an innovative parametric earthquake insurance solution for a hydroelectric power station in Nepal.

There’s a lot of room for innovation when it comes to weather risk transfer solutions, and with the energy transition and adoption of renewables providing additional opportunities, Rishu Ranjan of Swiss Re Corporate Solutions is optimistic for the future.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has reported a more than doubling of its gross premiums underwritten for 2022, with the total rising to $170 million for the year.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has announced the hiring of Hector Ibarra as its new Vice Chairman of Latin America (LATAM).