renewable energy

Speedwell Climate, a leading provider of weather, catastrophe and climate data, indices and settlement services, has teamed up with the European Power Exchange (EPEX SPOT) on the launch of a set of weather-based power indices to provide risk management and hedging opportunities to the renewables sector.

There is an opportunity for investors or ILS funds to provide collateralised reinsurance capacity to the energy and power generation sectors, according to specialist MGA Twelve Specialist Risk.

MSI GuaranteedWeather, LLC, a weather risk transfer focused subsidiary of MS&AD’s Mitsui Sumitomo Insurance Co., Ltd. (MSI), has developed a dual-trigger weather derivative product to help a renewable energy producer hedge the effects of two weather variables at the same time.

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.

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 a growing opportunity for reinsurers, […]

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 the foundation of Endurance’s launch […]

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 Galileo’s London office, joins them […]

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 based on a survey of […]

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’.