Energy Risk Weather House of the Year for the 2nd consecutive year

  • In May, Energy Risk, a leading publication for commodity traders and risk managers, named Corporate Solutions the Weather House of the Year 2014
  • The jury, consisting of environmental finance experts, awarded Corporate Solutions for its continued efforts to provide clients with innovative weather risk solutions. In particular, the jury acknowledged Corporate Solutions' role in the transaction with the Uruguayan state-owned power company UTE:
    • 18-month contract providing UTE with rainfall-based coverage protecting against a shortfall in electricity production due to drought. The transaction was facilitated through the World Bank
    • Corporate Solutions' share: 40%; Premium: USD 22.0m; CM3: USD 4.2m; Limit: USD 200m
  • According to Energy Risk, "Corporate Solutions continued to innovate in weather risk management during the past year. Market participants appreciate Corporate Solutions' deep level of expertise and
    its willingness to take on risk."