Weather risk management and weather derivatives trading news

An archive of all of our news articles on the topic of weather risk management. This chronological archive includes every article on Artemis related to weather derivatives, weather swaps, weather refund promotions, weather insurance and general weather risk management and risk transfer. For the latest news and full coverage visit the homepage.

Share

Arbol supports Singlife with Aviva’s parametric rainfall travel cover

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance business, has partnered with Singapore based insurer Singlife with Aviva to provide it a parametric rainfall insurance product for travellers. Singlife said this morning that it is the first insurer in Singapore to offer a parametric insurance product designed read the full article →

Fathom & Reask partner on combined wind and flood risk models

Specialist flood risk modeller Fathom, and Reask, a climate analytics firm that leverages machine learning techniques, have partnered to create new, combined wind and flood risk models for re/insurers, banks, and ESG-focused investors. Initially, this collaboration will see each company permitted to sell the other's products and services to both new read the full article →

Arbol reports impressive growth as GWP transacted in H1 2022 exceeds $100m

Technology-led underwriter of parametric risk transfer, climate and weather insurance business, Arbol, has today reported that it transacted more than $100 million in gross written premium (GWP) in the first half of 2022. Impressively, this figure is more than 70% higher than the $70 million in GWP the firm transacted in read the full article →

Speedwell and EPEX SPOT team up for weather-based power indices

Speedwell Climate, a leading provider of weather, catastrophe and climate data, indices and settlement services, has teamed up with the European Power Exchange (EPEX SPOT) on the launch of a set of weather-based power indices to provide risk management and hedging opportunities to the renewables sector. Speedwell has been serving the read the full article →

Index-based risk transfer essential to key societal issues: Speedwell Climate

Index-based risk transfer has a key societal role to play, in providing protection to support issues such as the renewable energy transition, covering extreme weather catastrophe events, and helping support access to scarce resources, newly renamed Speedwell Climate has said. Speedwell Weather Ltd. and its associated companies have been serving the read the full article →

Nephila’s Darren Toh moves across to Climate team

Darren Toh, a portfolio strategy focused employee of insurance-linked securities (ILS) investment manager Nephila Capital, has moved across to the firm's weather and climate risk focused division, Nephila Climate. Toh joined Nephila back in 2016, first as an intern on the research side at Nephila Advisors, working at the ILS managers read the full article →

Arbol reports $70m of gross premium transacted in 2021

Arbol, the technology-led underwriter of parametric risk transfer, climate and weather insurance business, has reported transacting an impressive $70 million in gross premium through its first full-year of operations in 2021. Notional or limit transferred will be much higher and Arbol said it was cash-flow positive for 2021. It's difficult to compare, read the full article →

Parameter Climate hires Ralph Renner as Partner, Head of Origination

Parameter Climate, the parametric risk transfer and climate focused underwriter, has announced another key hire, bringing Ralph Renner over from his most recent role at Sompo International, to join the company as a co-founding Partner and its Head of Origination. Renner is another hire to come across to Parameter Climate from read the full article →

ICAP completes reinsurance backed solar weather derivatives deal

ICAP, part of the TP ICAP group which is one of the largest interdealer brokers in the world, has completed what it is calling a landmark deal in the weather derivatives market, by directly connecting a renewable energy provider and a reinsurance capital provider using a fixed agreement, for the read the full article →

Parameter Climate adds former Sompo execs Faure, Pawale, Lofaro & Yuan

Parameter Climate, the parametric risk transfer and climate focused underwriter launched by well-known industry executive Marty Malinow, has added some new hires, all of which have previously worked at Sompo International in its weather risk and parametric risk transfer operations. Malinow himself previously worked at Sompo International, as the President of read the full article →