wind farm

Insurance-linked securities (ILS) and reinsurance linked investment manager Nephila Capital has again collaborated with insurer Allianz and broker ReSurety to deliver a wind farm proxy revenue swap product to transfer risks and support cash flows related to a new wind farm construction project.

Technology giant Microsoft has entered into three transactions involving the world’s largest insurance and reinsurance linked investment manager Nephila Capital, as the company looks to hedge the weather risk associated with renewable energy production, making its energy costs more secure in the process.

Nephila Climate, the weather and climate risk focused unit of ILS and reinsurance investment giant Nephila Capital, and often partnering insurer Allianz have together completed the first wind farm proxy revenue swap transaction in Australia, hedging price and volume risks including weather exposure for a new wind farm project in Victoria.

Nephila Climate, the newly launched weather and climate risk focused unit of ILS and reinsurance investment giant Nephila Capital, has partnered with insurer Allianz to deliver a fourth wind farm proxy revenue swap transaction for Invenergy, North America’s largest privately held renewable energy firm.

International renewable energy and weather risk underwriting specialist GCube has expanded its team with the addition of two new underwriters in its London office, as it looks to continue its expansion.

Weather risk due to a lack of wind, or resource risk as its known in the sector, is the major threat to wind energy markets and wind farm operators, with the inability to transfer the weather risk adequately often leading to sub-par project performance, according to specialists GCube Underwriting Ltd. (GCube).

Microsoft Corp. has revealed that it was a buyer in the first transaction to use the innovative wind farm weather hedging revenue product created by Allianz Risk Transfer (ART) with the help of Nephila Capital.

Alternative product specialist insurance and reinsurance firm Allianz Risk Transfer has closed a second innovative weather hedging revenue management transaction for a wind farm with the help of insurance linked asset manager Nephila Capital.

International renewable energy underwriting specialist, GCube, has bolstered its weather risk transfer underwriting team for the wind and hydroelectric energy markets, as it looks to increase its penetration of the U.S. weather insurance and risk management market.

Insurance linked asset manager Nephila Capital and alternative product specialist insurer and reinsurer Allianz Risk Transfer have partnered to deliver an innovative weather hedging product for a wind farm, in the form of a 10-year Proxy Revenue Swap.