Storms ahead

Weather traders in Europe are celebrating the issuance of an innovative catastrophe bond by EDF. Meanwhile, US traders are concerned over attempts to regulate weather risk contracts as insurance, rather than derivatives. By Paul Lyon

There was some good news and some bad news for the weather risk industry last month. While weather traders lauded the issuance of an innovative catastrophe bond arranged by French bank CDC Ixis for the country’s state owned-utility Electricité de France (EDF), traders across the Atlantic lamented over the recommendations of a white paper by the National Association of Insurance Commissioners (NAIC). The Washington DC-based organisation for insurance regulators wants to see weather

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here