PCS to report Marine & Energy industry losses by line-of-business

Property Claim Services (PCS), is enhancing its PCS Global Marine & Energy insurance industry loss data aggregation and index service by breaking it down into lines of business, to enhance granularity in reporting and facilitate more focused risk transfer decisions. PCS launched its service for non-elemental industry loss estimates for the read the full article →

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 →

No reason ILS can’t expand to energy all-risk property coverage: Willis

As capital market investors increasingly looks to insurance risks as an asset class, there is no reason that ILS structures couldn't be expanded to provide energy all-risk property coverage, according to insurance and reinsurance broker Willis Group. With the insurance-linked securities (ILS) market growing and the amount of third-party, or alternative, read the full article →

Alternative capital ups capacity for power property risks. ILS interested

The influence of alternative forms of reinsurance capital are beginning to be felt much more broadly across both the insurance and reinsurance market, with one area of note being the market for power industry property insurance risks. According to insurance and reinsurance broker Willis Group's latest report on the Construction, Property read the full article →

U.S. EIA estimate of 2014 storm-related oil & gas production disruption

The U.S. Energy Information Administration has published an estimate for hurricane and tropical storm-related oil & natural gas production disruption for the Gulf of Mexico, based on the latest NOAA 2014 Atlantic hurricane season forecast. The EIA estimates that, based on the NOAA hurricane season forecast of 8 to 13 named read the full article →

MDA EarthSat Weather expand wind generation forecast to include Europe

MDA EarthSat Weather, a consulting group for weather risk and commodity weather products and services, have announced the expansion of their current wind generation forecast product range. They are expanding their focus beyond the U.S. and will now offer forecast data and information for stations in the UK, Ireland, and 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 →