Weather risk management and weather derivatives trading news

Environmental Finance is carrying a news story announcing that Bluenext, the French environmental exchange, is planning on listing weather derivative contracts in the near future. The plan is to launch European contracts to begin with and follow on with U.S. in the future. This has got to be good for competition in the marketplace. Bluenext […]

Storm Exchange have just released their Summer 2008 Weather Risk Outlook. Paul Walsh, Chief Strategy Officer at Storm Exchange said; “Our weather risk outlook is different than most weather forecasts because, in addition to using state-of-the-art atmospheric research technologies, we also analyze 150 years of historical data to give businesses a risk probability that they […]

The WRMA (Weather Risk Management Association) annual meeting finished today and during the proceedings they announced some of the results of their latest annual weather risk market survey they undertake with Pricewaterhouse Coopers LLP. Top level findings are below; we’ll publish more as we have them: The market experienced good growth for 2007-2008, with the […]

Weatherbill, the online service offering weather protection to businesses, has arranged a novel deal for Priceline.com Inc. (NASDAQ: PCLN), a leading online travel agent. Priceline are offering a new holiday package called Sunshine Guaranteed to over 100 destinations in the U.S., Canada, the Caribbean and Europe. The deal, being run as a limited time promotion, […]

O’Reilly Money:Tech was a conference which took place in February this year in New York. It was all about the web and financial services and how new technologies and ‘web 2.0’ is changing the way financial companies make use of data and network technology. Why is this of interest? Well below is a video of […]

The CME is expanding it’s locations for weather trading all the time. Today they’ve announced the addition of Oslo, Norway; Little Rock, Ark.; Los Angeles, Calif.; Colorado Springs, Colo.; Jacksonville, Fla.; Raleigh, N.C.; and Washington DC which brings the total number of locations for city temperature contracts to 42 (broken down as 24 in the […]

TFS Energy today announced its US weather derivatives division completed a Dutch auction for Madison, WI and Cedar Rapids, IA, on behalf of a client who was looking to offset its risk. Offers were solicited for cumulative average temperature calls in Madison, WI and Cedar Rapids, IA, for the June – August 2008 time period. […]

Interesting interview from Fox Business available here featuring Mike Smith of WeatherData Services and Jeff Hamlin of Weatherbill.com discussing the weather’s impact on businesses. You can view the video below: It’s good to see weather risk management receiving some high profile coverage helped enormously by the success of innovative companies such as WeatherData Services and […]

Todays edition of the excellent BestDay Audio features an interview with Brian O’Hearne, head of Americas for Environmental and Commodity Markets at Swiss Re, regarding the weather derivatives market and why it continues to enjoy significant interest amid a global credit crunch. You can listen to the audio MP3 here (compatible player software required).

Interesting idea from the Irish Examiner: Weather futures may be safer bet for pension funds IN the crazy world of futures investment, pensioners are even betting on the weather. Globally, pension funds are estimated at $18.6 trillion, and about $80 billion if this is thought to be invested in commodities, much of it in futures […]