The Protection Sellers listed below are those companies that directly engage in weather risk transfer by deploying their own capital. They may be deploying reinsurance capital or be specialist funds.
These companies are usually characterised by having global operations, extensive experience working with both standard and complex index-based weather hedges and the ability to transact on a range of contract sizes.
|Citadel Energy Marketing LLC||Investment Fund|
|MSI GuaranteedWeather||Global Weather Risk Manager|
|Liberty Speciality Markets||Global Speciality Insurance and Reinsurance Company|
|Parameter Climate Inc.||Climate, Weather and Natural Catastrophe Risk Taker and Advisory offering Derivatives, Insurance & Reinsurance|
|Allianz Risk Transfer||Global Insurance and Reinsurance Company|
|AXA Climate||AXA Climate is a subsidiary of the AXA Group and offers customers index-based protection in insurance and ISDA form in 28 countries across the globe|
|Munich Re||Global Insurance and Reinsurance Company|
|Nephila Capital Ltd Bermuda||Investment Fund Weather Risk Management Specialist|
|SCOR Investment Partners UK Ltd||Investment Fund Weather Risk Management Specialist|
|Swiss Re Corporate Solutions||Global Weather Protection Seller|
|Sompo Global Weather||Global Specialty Insurance Company|
Protection Sellers - MGA
The Protection Sellers listed below are those that act in the capacity of MGAs (Managing General Agents). These are companies able to negotiate contracts as principals but using capital provided by relationships with one or more insurance companies.
MGAs typically are only able to transact smaller contracts and may have regionally focused operations possibly with specialized industry knowledge and expertise (eg agriculture). Some MGAs may offer a hybrid model whereby for larger transactions they may switch to a Broking model.
|CelsiusPro (Aust) Pty Ltd||Managing General Agent - Australia|
|Descartes Underwriting||Managing General Agent – Global Weather Risk Solutions|
|Skyline Partners||Managing General Agent (London) – Global Parametric Solutions|