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Energy re/insurance market increasingly overcapitalised, ILS a factor

With rates in the global property/catastrophe (P/C) space remaining under significant pressure insurance-linked securities (ILS) capacity is increasingly interested in specialty markets, such as energy. But with that market already facing a perfect storm of capacity, the pressure is only set to increase.Recent analysis from brokerage Willis Towers Watson (WTW) read the full article →

Energy risk insurance shortfall presents opportunity for ILS

According to Willis Towers Watson the energy industry faces a huge insurance shortfall, leaving many of the world's largest energy companies exposed as they often find it hard to secure the level of insurance protection they really require.Insurance and reinsurance broker, consultancy and advisory Willis Towers Watson (WTW) explained that read the full article →

Re/insurance, ILS key for energy sector extreme weather risks

The energy sector is increasingly vulnerable to the impacts of extreme weather events around the globe, highlighting a need for greater innovation and adoption of reinsurance & risk transfer solutions to mitigate potential losses and build sector resilience.According to the World Energy Council (WEC), energy systems around the world are read the full article →

Stiff competition results in softening energy market challenges

The energy insurance and reinsurance market has witnessed increasingly intense competition in recent times, as traditional and insurance-linked securities (ILS) participants look to the space, negatively impacting rates.Much discussion over the past 12 months concerning pricing pressures and competition in the global insurance and reinsurance sector has circulated around property read the full article →