energy

Property Claim Services (PCS), a Verisk Analytics business, has now officially launched coverage of Gulf of Mexico elemental insurance industry loss events to its PCS Global Marine & Energy service.

In response to market discussions and recent hurricane activity in the Gulf of Mexico, Property Claim Services (PCS), a Verisk Analytics business, is exploring adding coverage of elemental loss events to its PCS Global Marine & Energy service.

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.

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.

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 what could be a resurgent […]

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.

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.

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.

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.

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.