Renewables

Nephila Holdings has launched a specialty division Nephila Climate (NCx) which is dedicated to weather risk transfer and climate resilience.

Axa's parametric solutions company Axa Global Parametrics has agreed to offer weather insurance coverage via the trading platform WeatherXchange, the companies announced.

Axa is expanding its parametric insurance offerings with the launch of Axa Global Parametrics, the company announced today

Microsoft has benefited from a hedging arrangement with Allianz Risk Transfer (ART) as it bought enough wind energy to entirely power its vast data centres, the company announced.

Lloyd's weather risk coverholder GCube has appointed a weather risk analyst, Geoff Taunton-Collins, to support the expansion of the company's weather risk operations to North America.

Betting services company Lottoland has completed a EUR100mn bond that will provide it with insurance cover against the risk of unexpectedly high payouts

The Bermudian (re)insurer Endurance's acquisition of the assets of Galileo Weather Risk Management demonstrates the weather market's maturity, according to Galileo co-founder Martin Malinow.

Bermudian specialty (re)insurer Endurance Specialty Holdings has bought Marty Malinow's Galileo Weather Risk Management, which it will use as the launch pad for a new weather trading unit, Endurance Global Weather.

Johnson breaks with Tradition; $10mn IFEX hurricane trade; WRMA heads to Oz

EDF Trading, a subsidiary of French energy giant EDF, has expanded its activities in the weather markets, EDF Trading's Weather Trader Michael Bate said at a CME Group Weather Symposium held in London yesterday (12 January).

A survey for the Weather Risk Management Association (WRMA) has found that the Indian weather risk market for agriculture could reach $7bn over the next five years. According to the survey - conducted by Weather Risk Management Services India (WRMSI) - there is potential for a market with notional value of up to $20bn.