Weather risk management and weather derivatives trading news

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 and existing clients. However, […]

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.

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.

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.

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.

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.

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.

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 first time.

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.

The Chicago Mercantile Exchange (CME), which has always been an exchange location where weather futures and derivatives have been traded, is set to use weather data for settlement and valuation of its contracts from specialist provider Speedwell.