WindX™ Solution Launched in Advance of 2007 Atlantic Basin Hurricane Season
Newark, Calif. April 25, 2007 — Risk Management Solutions (RMS), the leading catastrophe risk management company, and WeatherFlow Inc., a leading provider of private weather data, today announced they have partnered to launch the WindX™ parametric index (www.windx.com) in time for what is expected to be a highly active 2007 Atlantic basin hurricane season. The WindX™ solution is based on location-specific wind speed values which trigger a wide range of financial structures including over-the-counter derivative contracts, catastrophe bonds, and industry loss warranties. (more…)