Weather risk management firms predict renewables and thinner energy market liquidity will drive growth
This month's special report looks explores the state of play in the innovative weather derivatives market
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
Energy Risk catches up with the latest appointments, promotions and departures in global commodities markets
Trading volumes of weather derivatives have increased 35% year on year, according to a survey by the Weather Risk Management Association (WRMA).
Swiss Re has hired Brian O’Hearne as a managing director of North American environment and commodity markets within its capital management and advisory arm in New York.
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.
The weather derivatives market is shifting from an over-the-counter market to an exchange-traded one, according to results from a 2004 Weather Risk Management Association (WRMA) survey.
Lynda Clemmons, president and chief operating officer of Connecticut-based XL Weather & Energy, has left the weather risk and energy trading company. XL officials said Clemmons did not renew her employment contract and that they do not know her future...
Société Générale’s (SG) weather derivatives team completed an amicable management buyout of the weather division at the French bank. The buyout creates what is believed to be the largest range of dedicated weather derivative and catastrophe bond...
Weather derivatives practitioners say normalisation agreements between regulators and utilities in the US are posing a threat to their industry. Kevin Foster investigates
The Weather Risk Management Association (WRMA), the international trade organisation of the weather derivatives industry, yesterday said that the notional value of weather derivatives contracts fell by $100 million from last year’s figures.
Ravi Nathan, formerly head of weather trading at Missouri-based energy company Aquila, is to join insurance firm ACE, heading its weather risk management division out of its Philadelphia office. Meanwhile, six of his former Aquila colleagues are set to...
AIR Worldwide Corporation, the Boston-based catastrophe modelling and weather risk management company, today released new typhoon and earthquake models for the Asia-Pacific region. The new typhoon models include Taiwan, Hong Kong and the Philippines,...
The global weather risk market is still healthy, despite high profile departures from the market, speakers told delegates at Risk 's WeatherRisk conference in London today.
The Weather Risk Management Association (WRMA), the Washington DC-based trade association for the weather derivatives market, has added Hiroshi Matsui of Mizuho corporate bank to its board of directors, and named Hironori Kamezawa of The Bank of Tokyo-Mitsubishi...
The Weather Risk Management Association (WRMA), a global industry body promoting weather derivatives, launched its extensible mark-up language trading protocol, WXML, on Friday following a two-year development process.
Europe and Asia saw a significant rise in the number and value of weather risk derivatives contracts traded last year, with the market overall seeing a shift from pure temperature-related contracts to other forms of protection such as rain, snow and wind.