Canada opens new pastures

Alberta’s Agricultural Financial Services Corp came to Aon with a special need to hedge precipitation risk, and Aon rose to the challenge. The transaction uses a unique index. Catherine Lacoursiere reports

According to the Washington, DC-based Weather Risk Management Association (WRMA), of the $4.3 billion transacted in weather derivatives worldwide last year, only about 3% involved the agricultural sector. That is partly because agricultural deals have more variables in the contracts, basis risk is higher and agricultural deals are closely related to precipitation indexes, which are short on pricing data and liquidity. In contrast, $3.7 billion of weather transactions last year were based on

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Chartis Energy50 2023

The latest iteration of Chartis' Energy50 2023 ranking and report considers the key issues in today’s energy space, and assesses the vendors operating within it

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