Risk.net

Ex-Aquila weather head says reinsurers are still backing his team

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Five reinsurance companies that invested in troubled energy firm Aquila’s weather business, which closed earlier this month, are likely to retain their partnerships with the old weather trading team headed by Ravi Nathan, former chairman of the Washington, DC-based Weather Risk Management Association. “Hiscox, Mitsui Sumitomo, Kemper, Hanover Re and American Re have all expressed an interest in continuing to work with us,” Nathan told EPRM. Ex-Aquila weather traders have sought a new backer,