energy

Share

First PCS marine & energy ILW traded, Twelve Capital backs it

The first marine and energy industry loss warranty (ILW) transaction has been traded using the PCS Global Marine and Energy non-elemental industry loss index service, with insurance and reinsurance linked investment manager Twelve Capital providing the capacity to back the deal.PCS launched the new service earlier this year, with the read the full article →

Can marine ILW’s make a comeback? Q&A with Tom Johansmeyer, PCS

Property Claim Services (PCS) recently launched a new service offering non-elemental industry loss estimates for the global marine and energy insurance and reinsurance sector, as well as a risk-transfer index to facilitate transactions. Following this launch Artemis spoke with Tom Johansmeyer, assistant vice president, PCS Strategy and Development to discuss read the full article →

PCS marine & energy industry loss estimates & index launched

Property Claim Services (PCS), a Verisk Analytics business, has launched a new service offering non-elemental historical industry loss estimates for the global marine and energy insurance and reinsurance sector, as well as a risk-transfer index to facilitate transactions.PCS adds to its well-used catastrophe estimates and risk transfer index service with read the full article →

Endurance in multi-year wind hedge with Meridian Energy Australia

Endurance Global Weather, a weather hedging and weather risk management focused unit of Bermudian specialty P&C insurance and reinsurance firm Endurance Specialty Holdings Ltd., has completed a multi-year wind hedge transaction with Meridian Energy Australia.Meridian Energy Australia, a leading Australian electricity supplier that uses environmentally sustainable renewable resources, selected Endurance read the full article →

Renaissance Re loses out due to warmer than average winter

Bermuda domiciled reinsurer Renaissance Re's weather and energy risk management arm, RenRe Energy Advisors Ltd., have seen a large seasonal loss over the winter due to warmer than normal conditions across the U.S. and Europe according to their recent quarterly earnings call (transcript available here). It's their second quarterly loss read the full article →

CatVest launches EnergyRisk Model and industry-loss indices

CatVest Petroleum Services LLC, who launched last year offering oil spill risk modelling  and transfer services (specifically the creation of parametric triggers to allow for oil spill ILS issuance), have today announced the launch of a new model which targets more comprehensive energy industry losses. The CatVest EnergyRisk model is read the full article →