The first UK-flagged weather index coverholder is targeting a range of smaller broking partners after securing underwriting capacity from a panel of market players. Excessweather was launched this week to provide a form of insurance and reinsurance that pays out automatically when certain weather events occur. The company is headed by former QBE Re senior […]

Excessweather, a new managing general agency that provides indexed weather cover, has launched with an initial maximum line of £100mn, The Insurance Insider can reveal. Headed by former QBE Re underwriter John Warwick and chaired by ex-Aviva Investors COO John Hodgson, Excessweather is thought to be the first UK-based weather index coverholder. One of Excessweather’s […]