08 Jun 2004, Paul Lyon, Risk magazine
Pawaly said Munich Re will trade in both the over-the-counter and the exchange-traded weather derivatives markets. The company is also looking at the potential of offering risk management services to the agricultural sector, Pawaly added.
Both Pawaly and Murray will attend the Weather Risk Management Association meeting that starts tomorrow in New York. The trade association will release details of its annual weather derivatives survey later this week.