Weather risk management and weather derivatives trading news

Our third in this series of interviews with leading industry figures features Marty Malinow of Galileo Weather Risk Management Advisors LLC. Marty has been involved in the weather risk management marketplace for twelve years and in capital markets for twenty years. Before co-founding Galileo Weather he was co-founder of XL Weather & Energy and headed […]

CME Group has announced that it will begin to list rainfall futures, options on futures and binary options beginning on 31st October to be traded from 1st November. Both monthly and seasonal contracts will be available March to end of October across nine cities in the U.S. to businesses that want to manage their exposure […]

Liberty Syndicates Management Ltd., a member of the Liberty Mutual Group, has announced that it is to enter the weather and agricultural reinsurance markets after a new team of specialist underwriters were hired for that purpose.

In this the first of a new series of interviews with key industry figures, Artemis talks to Barney Schauble of Nephila Capital. Mr. Schauble has been involved in the weather risk market and in the securitization of insurance risks for many years and is highly regarded within both sectors. We spoke to Barney on a […]

So many industries suffer losses due to inclement weather. Nowadays many of those losses can be avoided through intelligent weather risk management or use of alternative risk transfer. This press release (below) is yet another great example of how innovative weather risk techniques are helping businesses weather proof their profits.

KRAKOW, POLAND (17 September 2010) –Attendees at the Weather Risk Management Association’s (WRMA) 11th European Meeting gained insight into the impact of volcanoes on weather patterns, the new EU proposed derivatives legislation, and how weather extremes affect risk. The meeting was held 15-17 September 2010 at the Sheraton Krakow Hotel in Krakow, Poland.

GRITIT are a ‘winter risk management firm’ based in the UK. They were the first commercial organisation within the UK to offer winter road gritting to help businesses keep on the move when winter weather arrives. Given their focus on helping organisations protect their bottom line against the weather it seems natural that they have […]

India’s government cabinet have today approved changes to the laws which allow commodity trading in the country. The laws have been in place and allowed trading of commodity futures since 2003. The new change to the law will allow commodity options to be traded on exchanges within the country.

Locarno International Film Festival, Bielersee-Navigation-Company and Ski Lifts Schwyz-Stoos Fronalpstock are among the winners this summer as they have successfully hedged against bad summer weather conditions in Europe. They hedged their financial risks with customized weather derivatives and received an automatic payout following a rainy summer according to CelsiusPro.

The weather insurance market in India is promising big things as pilot schemes for index-based weather insurance launch on a regular basis across the country. ICICI Lombard are no doubt the biggest player in this market right now and they’ve received approval from the government of Uttar Pradesh to provide weather based crop insurance to […]