Weather risk
Weathering the subprime meltdown
While conventional markets have been battered by the subprime crisis, weather market players have enjoyed high returns. Investing in weather derivatives provides insulation from volatile, chaos-prone and unpredictable human decision-making processes,…
Weathering risk
Earlier this year, Storm Exchange unveiled its electronic weather exchange, based on 500 proprietary, industry-specific weather indexes serving the over-the-counter markets. David Watkins speaks to David Riker, Storm's president and chief executive,…
US Futures Exchange to list wind derivatives
The U.S. Futures Exchange (USFE) says that it will list futures contracts on Nordix Financial Wind Indexes created by Weather Bid, that measure deviations from average wind speeds used in wind power generation.
Swiss Re
Weather House of the Year
Storm Exchange launches electronic weather exchange
Storm Exchange, a financial technology company that helps corporations to reduce the financial impact of unplanned weather on earnings, has unveiled an electronic weather exchange based on 500 proprietary, industry-specific weather indices.
CME to launch new weather derivatives
The Chicago Mercantile Exchange (CME) is to expand its range of weather derivatives with the launch of its Weekly Weather Index futures and options, beginning April 2.
CME launches hurricane index
The Chicago Mercantile Exchange (CME) is expanding its weather derivatives product range with the launch of CME-Carvill Hurricane Index futures and options on futures contracts.
More than just talking about the weather
Energy Risk launched the Environmental Risk brand on October 17, with an e-symposium on the weather risk market, which attracted over 500 online delegates. A range of other online conferences on emissions and renewables will follow
Gearóid Lane
The Weather Risk Management Association's Gearóid Lane talks to Oliver Holtaway about the bright prospects for managing weather risk
Weathering oil risk
Managing weather risk is increasingly important for petroleum companies. Murad Jivraj looks at how optimal oil risk management can be obtained through combining traditional structured products with new weather derivatives
Bright forecast for weather derivatives
To attract more corporate end-users, purveyors of weather derivatives are creating new products in search of the perfect hedge, as Catherine Lacoursiere finds
Weathering the impact of stormy price hikes
At the start of the 2006 hurricane season in the Atlantic Basin, Zachary Simecek takes a look at the impact on the energy markets
Hedging weather exposure
Volumetric weather risk is usually levered by the commodity price, resulting in cross-commodity exposure known as a quanto. Hedging such exposure with quanto instruments is costly. Victor Dvortsov suggests a simple strategy that allows efficient hedging…
After the storm
Last year's devastating US hurricane season hammered home the link between energy and weather. But some believe it may also hold a key to predicting this year's weather, says Todd Crawford of Weather Services International
Weather fund Pyrenees closes, traders set up weather desk at Sempra
Weather hedge fund Pyrenees Capital Management closed at the end of October, a year after its launch, and two of the company’s three staff have moved to energy trader Sempra Commodities to set up a new weather desk.
Weather broker Parker leaves Fimat
Weather broker Dan Parker left brokerage Fimat in mid-October, having joined the company earlier this year. He says he is currently “on the sidelines”, considering his next move. Fimat declined to comment on Parker’s departure.