SAN FRANCISCO, May 13 /PRNewswire/ --

WeatherBill (www.weatherbill.com) today announced that Jens Boening, a
weather risk management industry leader, has been appointed as Managing
Director, Europe and Asia for the company. Boening will be based out of
WeatherBill's new United Kingdom branch office, and will be positioned to
better serve the needs of WeatherBill's rapidly growing European and Asian
client base of weather-sensitive companies. Boening will report directly to
WeatherBill's CEO and Founder David Friedberg.

"Jens is a well recognized weather derivatives expert and we're excited
to be offering our European clients a direct WeatherBill contact in the UK,"
says Friedberg. "A recognized leader in the weather market, Jens brings
valuable risk management structuring experience and industry insight to our
team. We are looking forward to working with him as he utilizes and expands
our innovative platform for simple automated weather coverage."

Prior to joining WeatherBill, Boening was responsible for Merrill Lynch's
weather origination and structuring activities for Europe, Middle East,
Africa, Asia and Pacific Rim. He has more than a decade of experience in
commodities and weather markets, having provided risk management solutions to
energy corporations, industrial clients, financial institutions and
investors. Boening has also developed Merrill Lynch's Continental European
and Scandinavian power trading businesses, and is an active member of the
Board of Directors of the Weather Risk Management Association.

Boening will be responsible for WeatherBill's sales and marketing
activities throughout Europe and Asia, and will be assisting companies large
and small in creating custom weather coverage to protect profits from the
impact of bad weather.

"WeatherBill has overcome two of the major shortcomings in making weather
derivatives accessible to companies," says Boening. "First, WeatherBill has
made a product that is highly customizable and easy to understand, enabling
companies to price and purchase weather coverage that better suits their
needs. Second, WeatherBill has made weather coverage absolutely transparent
and easily accessible through its unique technology and free-of-charge online
platform. This will help take the weather market as a whole to another level.
I am excited to join WeatherBill and work with existing and new clients in
Europe and Asia to help them better manage the financial impact of adverse
weather."

WeatherBill, Inc. (www.weatherbill.com) provides the only online service
that allows businesses to protect revenue and control costs from the impact
of bad weather. Founded by CEO David Friedberg and CTO Siraj Khaliq, former
members of the Google team, WeatherBill is funded by New Enterprise
Associates, Index Ventures, and Allen & Company and is backed by Nephila
Capital, one of the world's largest weather risk and catastrophe reinsurance
fund managers.

Web site: http://www.weatherbill.com