Swiss Re Corporate Solutions wins Energy Risk Weather House of the Year 2013
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Swiss Re Corporate Solutions has been named Weather House of the Year 2013 by Energy Risk magazine. The Environmental & Commodity Markets team received the award in recognition of recent innovative transactions. Last year Swiss Re Corporate Solutions established an alliance with The Climate Corporation in the US to offer index-based weather insurance to the agriculture sector. They also developed the first UK index-based online weather insurance product and structured a precipitation index solution for Guangdong Meiyan Hydropower Co. Ltd. – the first risk transfer deal of this type in China. This product received Environmental Finance's Weather Risk Management Transaction of the Year award in 2012.
Juerg Trueb, Head of Environmental & Commodity Markets, highlighted: "We are delighted to be announced Weather House of the Year 2013; this award is further testament of our position as a leader of weather risk management for the agriculture, energy and other weather-impacted industries."
Swiss Re Corporate Solutions is a market leader in trading, originating, structuring and pricing products in the areas of weather and weather-contingent commodity price risks and outage-contingent power price risks. Comprised of dedicated professionals with technical, financial and underwriting expertise, the Environmental & Commodity Markets team operate from offices in Houston, Kansas, London, New York, Sao Paulo, Singapore and Zurich.