Climate risk
Weather wisdom with risk management
Mark Tawney from Swiss Re spells out the implications of not keeping an eye to the weather
Weather Board of Trade's Parker joins NIF
Dan Parker, formerly chief executive of Atlanta-based Weather Board of Trade (WBOT), has joined NIF Weather Risk Management, a division of New York-based insurance holding company NIF Group. He plans to use a weather index originally developed for use by…
Accepting responsibility
Alex Schippers heads ABN Amro’s weather team – arguably one of the most innovative desks in Europe. Here he talks to Paul Lyon about the state of the global weather risk market
Nymex and Tiffe consider weather derivatives
Both the New York Mercantile Exchange (Nymex) and The Tokyo International Financial Futures Exchange (Tiffe) are considering launching weather contracts.
WRMA elects new president
The Weather Risk Management Association (WRMA) today said that its vice president, Brian O’Hearne, has stepped up to serve as the association’s president. O’Hearne is also president and chief executive of Kansas City-based GuaranteedWeather.
Munich Re launches weather desk
Munich Re, the world’s largest reinsurer, has established a New York-based weather derivatives desk in its Munich American Capital Markets division.
Wine bar hedges weather
UK-based Corney and Barrow Wine Bars has entered into a group wide weather derivative hedge with XL Trading Partners, the Connecticut-based weather risk management company.
Storms ahead
Weather traders in Europe are celebrating the issuance of an innovative catastrophe bond by EDF. Meanwhile, US traders are concerned over attempts to regulate weather risk contracts as insurance, rather than derivatives. By Paul Lyon
Mark Tawney
Mark Tawney, head of Swiss Re’s weather desk, admits that more work is needed if the weather risk markets are to reach maturity. By Paul Lyon
Weathering the problems
Weather derivatives can reduce or eliminate the potential economic disastersthat extreme weather can provoke. Ross McIntyre of Deutsche Bank examines thevarious ways in which weather can affect key industries and reviews the benefitsof weather derivatives
A discrete affair
Abstract: Dario Villani, Raffaele Ghigliazza and René Carmona extract the frequency content of a noisy signal using discrete Fouriertransform. After calculating the deterministic component, we show the relevanceof the method in removing spurious…
Farms weather power shortages
Farmers in both hemispheres are struggling to cope with heat waves and droughts while pondering the prospect of future power supply disruptions, finds Maria Kielmas
Greening the markets
Environmental risks are increasingly being recognised as important financial issues, but the markets are still some way from rewarding companies for good environmental performance, as Kevin Foster discovers
Green risks for the black stuff
The impact of environmental risk on oil companies may be substantial, says a new report by the World Resources Institute. What will the effect be on the oil majors’ stock prices? James Ockenden reviews the report
Canada opens new pastures
Alberta’s Agricultural Financial Services Corp came to Aon with a special need to hedge precipitation risk, and Aon rose to the challenge. The transaction uses a unique index. Catherine Lacoursiere reports
Weathering the storm
Mandeep Sidhu, Kent Voss and Marty Makulski of Accenture discuss the climatic changes in the energy industry over the past year and how this may impact future trends
Modelling weather-sensitive electrical loads
Here Véronique Bugnion, Aram Sogomonian and Glen Swindle introduce a new methodology for forecasting and jointly simulating temperature and electrical load
Weather risk solutions
The weather risk management industry is showing encouraging development around the world. Element Re outlines its strategy for keeping up with the growing needs of the market-place
Deutsches data duel
Statistical analysis of competing meteorological data from two different sources in Germany might lead to disparate views of weather risk management. By Bob Dischel