Liquidity in the weather derivatives markets has fallen recently, as energy trading companies have retreated to their core businesses. But Lynda Clemmons, president and chief operating officer of XL Weather & Energy, is confident it will recover. “The last quarter of 2002 was very tough,” she says. “The combination of a sharply reduced number of energy players and the fact that new entrants were not yet fully up and running meant the amount of credit available to those who were operating had
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