Weather risk management and weather derivatives trading news

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.

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.

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.

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.

The securities division of reinsurance broker Willis Re, Willis Towers Watson Securities (WTW Securities), which acted as the lead structuring agent and bookrunner for the recently completed €45 million Atmos Re DAC catastrophe bond transaction, has said that the deal provides its sponsor with innovative earnings protection. As shown by the Artemis Deal Directory, Atmos […]

Opportunities remain in the healthy and expanding weather risk market with both capacity supply and demand supporting short-term growth. And, at the same time, there’s likely to be a shift in weather market leadership away from “reinsurers with a front end”, according to Martin Malinow, President, Sompo Global Weather.

Global reinsurance firm Swiss Re has established a new European entity in Luxembourg named Swiss Re Capital Markets Europe, S.A. to ensure it has trading continuity for derivative contracts in the weather and energy risk transfer space, as well as ILS instruments, after Brexit.

Nephila Climate, the weather, climate risk and reinsurance focused unit of ILS fund manager Nephila Capital, has provided capacity to back another proxy revenue swap for a wind farm project, again alongside Allianz Risk Transfer.

Global insurance and reinsurance giant Allianz is expanding its suite of alternative risk transfer products to the Asia Pacific region, as its commercial insurance arm Allianz Global Corporate & Specialty SE targets growth in the region with a new Alternative Risk Transfer line of business.

Technology giant Microsoft has entered into three transactions involving the world’s largest insurance and reinsurance linked investment manager Nephila Capital, as the company looks to hedge the weather risk associated with renewable energy production, making its energy costs more secure in the process.