Swiss Re was one of the pioneers of weather risk management in the late 1990s. Almost 15 years later, its corporate solutions business maintains the market's largest weather risk desk, with no fewer than 40 dedicated professionals spread across seven different locations. That scale is matched by ambition: In the past year, the firm has continued to innovate, writing a whole series of novel weather risk transactions.

Particularly eye-catching was its close involvement in a deal protecting