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WeatherXchange platform adds AXA Global Parametrics to weather risk cover sellers

23rd June 2017 - Author: Staff Writer

WeatherXchange – a platform which provides post-trade valuation and settlement services and helps companies access index-based weather risk protection – has listed AXA Global Parametrics as a new Protection Seller.

Hurricane Matthew hits the BahamasAs the latest addition to WeatherXchange platform’s group of ten sellers offering weather risk coverage, AXA will be equipped to respond to price requests received via the platform.

David Whitehead, Co-CEO, said; “We are pleased to have AXA Global Parametrics join the weatherXchange Platform.

“The addition of AXA to the platform further expands the choices that hedgers and broker-advisors have when considering weather risk protection.

“Today, AXA offers customers index-based protection in insurance and ISDA form in 29 countries across the globe. By expanding the number of Protection Sellers on the platform we continue to support streamlined, transparent, and independent access to this market.”

RMS

Tanguy Touffut, CEO of AXA Global Parametrics, commented, “In a continuous effort to provide custom-made solutions to our clients worldwide, we are happy to be joining the weatherXchange Platform and further promote index-based weather risk protection.”

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