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.

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Weather risk transfer profile rising in Australia: Risk Solutions International

Awareness of the benefits of weather risk transfer is growing in Australia and transactions like the recent long-term GrainCorp weather hedge is challenging the perceptions of agriculture-focused public companies, according to brokerage, Risk Solutions International Pty Ltd (RSI).Formed in Melbourne, Australia in 1997, Risk Solutions International Pty Ltd (RSI) is read the full article →

Cost, efficiency, product & unbundling vital to protection gap initiatives

Public and private market efforts and collaboration to narrow or even close the insurance protection gap need to be accelerated and uptake of risk transfer needs to be extended, according to Chairman of AXA Denis Duverne.Speaking at an Insurance Development Forum (IDF) day held at the International Insurance Society (IIS) read the full article →

Bank of England to mainstream climate risk management, encourage disclosure

The Bank of England has committed to action in support of an orderly transition to a carbon neutral economy for the United Kingdom, seeking to "mainstream climate risk management" in the financial sector and encourage broad disclosure of climate-related risks.The Bank wants the UK's financial sector to "support the transition read the full article →

Risk transfer a key tool in climate change adaptation: Nephila report

Risk transfer is often overlooked in discussions relating to climate change and adaptation to it, as instruments including weather risk transfer and catastrophe reinsurance are able to send price signals to help public and private sector entities better understand the economic value at risk.This is according to a new report read the full article →

GrainCorp gets 10-year drought protection with help of Aon’s White Rock

GrainCorp, the giant Australian agribusiness, has secured a 10-year risk transfer arrangement that will protect it against the impacts of grain production variability, particularly from drought.The company one of the world's largest agricultural businesses specialised in grain and other commodity receivership, storage and transportation.Given its areas of specialism, GrainCorp holds read the full article →

Nephila worked with Allianz on GrainCorp weather risk hedging

Nephila Capital, the world's largest asset manager of insurance-linked securities (ILS) and other catastrophe or weather linked reinsurance instruments, was involved in work to help Australian agribusiness GrainCorp.GrainCorp is among the largest agricultural businesses that has specialised in grain and other commodity receivership, storage and transportation.As a result, the company read the full article →

Nephila assists insurtech WorldCover with reinsurance via Lloyd’s syndicate

Emerging markets and climate insurance focused  insurtech start-up WorldCover has partnered with the world's largest ILS fund manager Nephila Capital, who will now provide some of the firms reinsurance protection through its Lloyd's syndicate 2357.WorldCover is a technology driven insurance start-up that provides climate and weather linked insurance products using read the full article →

TP ICAP expands into weather derivatives broking with Ernst hires

TP ICAP group, the world’s largest interdealer broker, has a new offering of weather derivatives, having hired two experienced weather risk market professionals in Nicholas and Eric Ernst.ICAP Energy LLC, which is the energy and commodities focused division of TP ICAP has hired the pair to run a new ICAP read the full article →

Nephila invests in climate risk data analytics specialist Jupiter

Leading ILS fund manager Nephila Capital has participated in Series B funding and signed up to use predictive data and climate risk analytics tools offered by Jupiter, a technology company focused on helping users better understand and manage climate-related risk.Jupiter recently raised a $23 million Series B funding round in read the full article →

Nephila helps Ares Management to three wind power proxy revenue swaps

Nephila Climate, the weather, climate risk and reinsurance focused unit of insurance-linked fund manager Nephila Capital, has entered into three wind power proxy revenue swap transaction to facilitate the financing of an acquisition and re-powering of a wind power portfolio.Alternative investment manager Ares Management Corporation utilised the proxy revenue swaps read the full article →