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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 →

As global energy exposures grow opportunities emerge for reinsurance and weather risk transfer

A report published today by reinsurer Swiss Re looks at the growing energy markets, how they are forecast to change and grow as renewable energy sources become ever more important and policy begins to reflect climate science and how they will require financing and risk transfer solutions. The report identifies read the full article →

Endurance buys Galileo Weather Risk Management launches own weather risk unit

Interesting news today as Endurance Specialty Holdings Ltd., the Bermuda-based specialty property and casualty insurance and reinsurance provider, announces that it has bought weather risk management solutions specialist Galileo Weather Risk Management. Endurance has acquired the assets of Galileo and hired all of its employees and this will now become read the full article →

Galileo hires Renner to push weather protection products in European energy markets

Galileo Weather Risk Management, a leading provider of weather risk management and customised weather protection products, has hired Ralph Renner, a veteran of the European energy markets, to help them push deeper into the sector and the growing area of weather protection for renewable energy producers. Renner, based out of read the full article →

Renewable energy sector to use broader range of risk transfer products

The renewable energy sector need to improve the way the way they manage risk and look to a broader range of alternative risk transfer products to mitigate growing financial and operational risks, according to a fascinating new report from the Economist Intelligence Unit and reinsurer Swiss Re. The report is read the full article →

Renewable energies will create opportunities for risk transfer

The growth of renewable energies and their increasing usage in power generation is going to create opportunities for the insurance and reinsurance industry. Munich Re said in a press release the other day that they expect 'renewable energies to generate strong growth in premium volume'.The Munich Re press release is read the full article →