Weather risk
As US hurricane activity falls, Asian weather risk rises
US weather conditions are purported to become more neutral this year, but forecasters are already looking to Asia as a potential risk management growth area. Pauline McCallion reports
Australia floods and weather forecast herald trouble for coal markets
The World Meteorological Organization’s announcement that the La Niña weather pattern will continue into the second quarter could be bad news for the coal markets, finds Alex Davis
A new direction for weather derivatives
Specialised quanto products are now driving demand in the weather derivatives markets. Alex Davis looks at why this is the case, and how improvements in data provision are making this possible
First snowfall trade cleared on CME
Choice Environmental, a portfolio company of OTC Global Holdings (OTCGH), has brokered the first CME-cleared snowfall hedging risk instrument – a snowfall binary option contract for Detroit.
Willis creates product to cut hurricane hedging costs
NRG Energy, a US-based utility, has closed an innovative index-based hedge with global insurance broker Willis designed to cut the cost of hedging against hurricane risk.
Umbrella coverage
Pauline McCallion investigates the budding opportunities for managing weather risk in the renewable energy sector.
HuRLOs re-launched for 2009 hurricane season
After a trial launch at the end of the last year's hurricane season, Weather Risk Solutions (WRS) has introduced a set of Hurricane Risk Landfall Options (HuRLOs) for the 2009 season.
Pockets of growth for weather derivatives sector
While activity in the general weather risk market declined in 2008/2009, Asian and European markets showed growth, according to the Weather Risk Management Association (WRMA).
Brokerage launches online catastrophe price index
Willis Re, the reinsurance arm of global broker Willis Group Holdings, and Thomson Reuters have today launched the Willis Re Catastrophe Price Index.
CME acquires hurricane index
CME Group has acquired the Carvill Hurricane Index from Carvill America Inc. and renamed it the CME Hurricane Index.
CME launches weather contracts for Australia
CME Group is expanding its suite of temperature-based weather derivatives products to include Australian cities Melbourne, Sydney and Brisbane.
Ready for any weather
Roderick Bruce looks back at the highlights of the Weather Risk e-symposium, a live online conference hosted by Energy Risk in late November
Every cloud...
The weather derivatives marketcontinues to gain end-user, hedge fundand investor interest. Roderick Bruceexamines the forecast and finds a silverlining on the current Wall Street cloud
Marty Malinow
Newly crowned WRMA president Marty Malinow tells David Watkins that there's fewer than six degrees of separation between life, business and the weather markets
TFS Energy completes $50 million weather auction
A $50 million Dutch auction has been completed by interdealer broker TFS Energy’s US weather derivatives division.
More than 50% of US companies unprepared for weather risk: report
Results of a survey carried out by CME Group, the world's largest derivatives exchange, and weather risk management originator Storm Exchange, have found that 51% of senior finance and risk managers concede that they are under prepared to cope with…
TFS Energy hosts first Italian weather derivatives trade and Dutch auction
Interdealer broker TFS Energy has completed the first Dutch auction of weather derivatives in Rome, Italy.
Will they weather the storm?
The weather derivatives market saw record volumes in 2006, but these declined sharply into 2007. Evan Koster, David Cohn and Nicholas Rock of Dewey & LeBoeuf look at where the weather market, now 10 years old, may go next