SOURCE: Weather Risk Management Association

September 25, 2007 13:34 ET

European Companies Learn How to Manage Weather Risk at WRMA's Zurich Meeting, 3-5 October

ZURICH, SWITZERLAND--(Marketwire - September 25, 2007) - Record rainfall and heat have played havoc with European companies' profits this year. While the weather can't be changed, the financial risks associated with it can be managed, thanks to weather risk management tools. Find out what these tools are and how companies are using them at The Weather Risk Management Association (WRMA) European Meeting, to be held 3-5 October 2007 at the Swiss Re Centre for Global Dialogue in Rüschlikon, Switzerland.

Leading weather risk experts will share their insights on the vital issues impacting the weather risk market today. These issues include:

--  How natural gas companies are managing weather exposure
--  The odds for a reoccurrence of extreme warm weather in Europe
--  What drivers are influencing weather derivatives in Europe
--  The latest development in index-based weather covers
--  The new European initiatives dedicated to weather risk management
    

Companies and organizations participating in this year's meeting include MeteoSchweiz, Sarmap, World Meteorological Association, Swiss Re, the Chicago Mercantile Exchange, Powernext, Merrill Lynch, Storm Exchange, Centrica, New Carbon Finance, IXIS, Galileo Weather Risk Management, Paris Re, Willis Re, CUMULUS Weather Fund, Coriolis Capital, and METNEXT.

In addition, the meeting offers a number of networking opportunities for attendees.

More information about the meeting, including registration, is at www.wrma.org. Press and analyst passes are available for this conference. To register for a press pass, please contact Hope Mathis in Washington, DC at +1 202-289-3800 or hmathis@kellencompany.com.

About the Weather Risk Management Association

Founded in 1999 by some of the leading companies in the industry, the Weather Risk Management Association (WRMA) is an international trade organization dedicated to promoting the industry, both to those within it and to end-users. The industry began in 1997, offering companies the opportunity to control their financial exposure to weather conditions. As a part of its mission, WRMA initiates surveys of the industry, advocates the standardization of contracts and other documentation used for transactions and sponsors forums and conferences around the world for members to meet and discuss a range of topics, such as international markets, data collection issues, and tax and legal matters.

Contact Information

  • Contacts:

    Valerie Cooper
    WRMA Executive Director, in Washington, DC
    +1 202-289-3800
    Email Contact

    Shirley S. Savage
    WRMA PR rep
    +1 207-829-2020 (office)
    +1 207-329-3304 (mobile)
    Email Contact