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Weather Risk Placement


Speedwell Weather Derivatives (SWD) are experts in analysing, structuring and placing weather risk.

In our capacity as a regulated independent consultancy we are able to assist companies in quantifying their weather exposure and then to structure and ultimately place such risk with the weather derivative risk-taking community. Since its establishment in 1999, SWD has cultivated extensive relationships in the weather risk-taking community amongst all types of participants. These include insurance companies, banks, energy companies and investment funds. We do not act as principals ourselves and nor are we exclusively aligned to a single principal. We are therefore able to find the best price available for your weather protection using an understanding of the appetite that each organisation has for different types of weather risk, and how they themselves place that risk, while respecting any guidelines issued by the client, for example, in terms of counterparty credit quality.

The method of risk placement also needs to be carefully designed and will depend on the size and complexity of the hedge.

SWD has completed a number of assignments involving analysing, structuring and placing weather risk in a range of sectors including energy, renewables, construction, agriculture, retail, tourism and hospitality. SWD is regulated by the financial regulator in the United Kingdom, the Financial Conduct Authority.

More Information

 


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Weather Station Installation


Lack of weather observations is one of the biggest obstacles encountered when structuring a weather risk management program.

Problem:

Improperly selected weather stations lead to an unacceptable amount of basis risk.

Inability to structure a hedge due to a lack of weather data

Solution:

Installation of a weather station specifically designed to meet the specific needs of the project.

Historical analysis conducted using modelled data.

Installed weather stations can be used for primary settlement, as back-up station(s), or as part of a quality control program used for the creation of certified settlement data.

Speedwell Weather

With over ten years of experience in the weather market Speedwell is in the unique position to offer the best possible solutions for our clients.

Our staff has ample real-world experience with station selection and installation (Africa and South America)

Speedwell is the official provider of settlement data for the CME Australian Weather Contracts. In addition to exchange based contracts we have settled numerous OTC transactions.

We have extensive understanding of what clients need to be comfortable with a deal. Independent 3rd party confirmation of observations; readily accessible observations for tracking a deal, and the transparency of methodology are all key components for a successful project.

Coupled with Speedwell risk placement capabilities we are able to provide a complete solution for our clients (data -> pricing / structuring -> auction -> settlement)

Weather Station Installation

Weather Station Installation / Settlement Data (overview)

  • Clarify project goals
  • Equipment selection
  • Equipment procurement
  • Land rights acquisition
  • Additional materials procurement
  • Obtain local labor / site preparation / station / installation
  • Data processing
  • Site maintenance
  • Settlement data
  • Site decommissioning

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Forensic Weather Services


Speedwell Weather Derivatives (SWD) is pleased to be able to provide companies looking to verify or contest claims for damages relating to weather with access to weather data from across the globe. With our extensive archives of historical data, we can also combine such information with a deep understanding of what constitutes normal conditions? The services we are able to provide include the following:

Provision of hourly weather data, where available, to verify the occurrence of specific weather events leading to claims for direct or indirect indemnification.

Provision of daily weather data including, where available, maximum gust wind speed, maximum and minimum temperatures, snow depth, sunshine hours, humidity.

Provision of a meteorological opinion on general weather conditions relating to the time and location of a weather insurance claim.

Statistics relating to weather conditions over a period to long term averages or return periods?

Access to archives of historical forecasts. This can give an indication to what extent a weather event was predictable and therefore the extent to which damages might have been reasonably mitigated.

Phil Hayes (UK)

or David Whitehead (US)
UK Office

US Office
+44 (0)1582 465 551

+1 (0)843 737 4843

Alternatively you can use our Contact Us page.
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