Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

4 February 2012

Sweltering weather fans increased derivative trading

15 July 2010

A sultry summer in the US has fanned weather derivatives trading on the Chicago Mercantile Exchange (CME).

Average daily volumes increased by 51 percent in Q2 2010 compared to Q2 2009, to reach an average 2,047 weather derivative contracts traded daily.

Swiss Re's director of property and specialty, Sandeep Ramachandran, says high uncertainty in seasonal weather forecasts created a cautious start to the summer trading season, but over-the-counter (OTC) market volumes have since rebounded with the warm weather in the...

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