BGC Group hires Arbol’s Loguidice for weather derivatives origination & structuring

BGC Group, Inc., the global brokerage and financial technology company, has added a new hire to its weather derivatives trading desk, taking Leah Loguidice from Arbol for a weather derivatives origination and structuring role.

BGC Group launched into the weather derivatives space in 2023, setting up a broking desk with the hires of well-known weather hedging and trading specialists Nicholas and Eric Ernst.

Now, the company is expanding its weather derivatives team, it appears, with the hiring of experienced energy and weather specialist Leah Loguidice

Loguidice was most recently employed at Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance.

At Arbol, Loguidice was a Director and led Derivative Origination for that company since the start of 2023.

Prior to that, Loguidice had a short stint at RenewaFi, a marketplace for renewable energy offtake agreements, before which she worked at the CME Group for seven years, becoming the Director of Energy and Environmental Products before her departure from the Exchange.

Now, Loguidice joins BGC to originate and structure weather derivatives opportunities for the company.

She commented on LinkedIn; “I’m excited to share that I’ve started a new role at BGC Group, focused on structuring and originating Weather Derivatives. Looking forward to working with Nicholas Ernst and his team to help this fast growing market flourish! ”

The weather derivatives market has been undergoing somewhat of a resurgence in activity levels over the last few years and at the same time there has been growing recognition of parametric risk transfer and how it can be used to smooth revenues and offset exposure to weather related perils.

Making this a good time for BGC to be expanding its team, as the interest in these weather-linked parametric index-trigger products in pure derivative form is set to grow.