Storm Exchange Selected to Provide Weather Risk Analytics on Bloomberg : Data Linking Specific Weather Events to Financial Performance Allows Investors to Quantify Weather's Impact on Company and Market Performance

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Storm Exchange, Inc., a market leader in weather risk management services, today announced a partnership with Bloomberg L.P., a leading global provider of financial data, news and analytics. As part of the agreement, Storm Exchange will provide its benchmark weather indices, weather-based risk analytics, and a unique weather risk newswire service covering financial impacts of the weather on business and markets worldwide via the Bloomberg terminal. The new solution is the first of its kind to allow Bloomberg customers to identify and manage the sensitivities of their investments in the energy, agriculture and retail sectors to adverse weather conditions.

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We are pleased to provide this comprehensive set of weather-based analytics to our customers

As increased weather volatility continues to wreak havoc on the corporate earnings of companies in the energy, agriculture and retail sectors, the addition of Storm Exchange weather risk information will provide investors with hard data linking specific weather events to financial performance. In addition to daily weather news feeds and alerts, the solution will offer indices to benchmark the impact of weather on yield for specific crop types, same store sales and retail traffic, energy demand, as well as the probability and estimated intensity of U.S. hurricanes and wildfires. Premium subscribers will have the ability to use weather forecasts linked to these indices to predict future performance and will have access the Storm Exchange meteorology and analyst teams, which can perform specialized analysis.

"The weather has become an increasingly critical factor in the financial performance of companies across a variety of industries," said Storm Exchange President and CEO David Riker. "By incorporating our information and research applications into the Bloomberg terminal, we're providing the ability for investors, traders and financial executives to easily integrate weather into their equity, commodity and derivative strategies."

"We are pleased to provide this comprehensive set of weather-based analytics to our customers," said Thiago Terzi, Global Business Manager for Agriculture and Weather Products at Bloomberg. "We have seen an increased interest in weather-related information as the climate has grown more volatile in recent years and Storm Exchange's ability to link weather and financial performance provides the kind of actionable insight that our customers demand."

Beyond the indexed data, forecasts and bespoke research services Storm Exchange is providing, Bloomberg customers will also have access to the company's monthly analyst calls, crop projections and outlook reports in the energy, agriculture and retail sectors. Providing a regular source of insight from the world's leading meteorologists, atmospheric scientists and industry analysts, the Storm Exchange analyst calls and outlook reports provide a much-needed financial context to understanding opportunities and challenges inherent in the weather.

About Storm Exchange, Inc.

Storm Exchange provides weather-related financial and information services in the language that corporations and investors understand best: the bottom line.

For corporations, Storm Exchange helps improve performance by enabling clients to identify, measure, manage and hedge the impact of weather on income and expenses. For investors, traders and insurers, the company delivers information solutions that enable them to understand and anticipate how weather impacts investment and underwriting performance.

Every Storm Exchange solution focuses on the business context and financial relevance behind the weather. Services include media, industry-specific intelligence, correlation models, proprietary analytics, forecasting tools, and weather hedge transactions. These services, many of which are available on leading information platforms such as Bloomberg, address the fundamental drivers of financial performance that result from exposures to precipitation, wind, temperature and other climate variables.

Storm Exchange is headquartered in New York and operates a weather research center in State College, PA. The company is backed by leading private equity investors Venrock Associates and RRE Ventures.

Release Summary:

Storm Exchange, Inc., a market leader in weather risk management services, today announced a partnership to provide its benchmark weather indices, weather-based risk analytics, and a unique weather risk newswire service covering financial impacts of the weather on business and markets worldwide via Bloomberg.

Keyword Tags:

agriculture, analytics, bloomberg, david riker, energy, investments, markets, retail, risk, volatility, weather

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John Roderick
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