Article ID: f8936780fef5a3e130555addf5cb0c7bc22108bf1d162892e745a46a411ae77b
Source ID: primary:reinsurancene.ws
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URL: https://www.reinsurancene.ws/tag/energy-reinsurance/
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Reinsurance News Energy reinsurance RIQ and Masdar to co-develop reinsurance solutions for global energy transition 13th November 2025 RIQ, an artificial intelligence (AI)-native reinsurance platform and subsidiary of International Holding Company (IHC), has signed a memorandum of understanding (MoU) with Abu Dhabi Future Energy Company (Masdar), a provider of clean energy, to co-develop advanced reinsurance solutions for complex risks in global energy transformation. The collaboration will explore embedding dedicated ... Read the full article MNK Re targets SMEs in Latin America with new energy reinsurance facility 13th February 2025 MNK Re, an independent reinsurance broker of specialist risks into Lloyd’s, has launched its new energy facility, designed to provide reinsurance solutions specifically to meet the demands of small to medium-sized businesses (SMEs) across Latin America. This new facility will offer capacity of up to $50 million per declaration, which will ... Read the full article MNK Re appoints Mark Ritson as Director of Energy 4th September 2024 MNK Re, an independent broker of specialist risks into Lloyd’s, has announced the appointment of Mark Ritson as Director of Energy. In this role, Ritson will focus on expanding MNK Re’s energy portfolio, leading efforts to develop and secure more business for the firm’s energy team. Manoj Kumar, CEO of MNK Group, ... Read the full article Energy sector to benefit from Yard Insurance’s new reinsurance risk solutions 10th April 2024 South Africa-based Yard Insurance has launched its new reinsurance risk solutions for the energy sector. The company assists the energy sector to mitigate their unique risks against potential catastrophic losses like weather, rehabilitation and other complex issues. It does this by tailoring Alternative Risk Financing Models and creates insurance capacity via funded ... Read the full article Energy reinsurance market faces unanticipated challenges despite initial optimism: WTW 24th November 2023 In a surprising turn of events, the impact of reinsurance market dynamics on direct clients within the energy sector has not unfolded as expected, according to the latest findings in the October 2023 Energy Market Review by WTW. Earlier in the year, insurers were bracing themselves for the aftermath of challenging ... Read the full article Beat Capital launches specialist energy business Horace 4th April 2023 Beat Capital Partners, a long duration investor specialising in the insurance industry, has announced the launch of Horace Agency Limited, a specialist energy underwriter. Horace will focus exclusively on onshore and offshore energy insurance worldwide outside the US, with a focus on clients transitioning to a net zero environment, initially writing ... Read the full article Connect Underwriting launches Pixel Re for $500m+ property & downstream energy risks 5th December 2022 Specialist reinsurance MGA, Connect Underwriting Limited, has announced the launch of Pixel Re, a new dedicated monoline reinsurance vehicle for global property and downstream energy risks. For attachments of typically USD 500 million and above, the newly launched Pixel Re will offer facultative reinsurance for large multinational risks on an excess-of-loss ... Read the full article RPS outlines energy insurance industry impact of OPEC+ output cut 18th November 2022 Analysts at Risk Placement Services (RPS) have outlined the effects on the energy insurance industry following the OPEC+ meeting in early October where it agreed to a 2 million barrel per day (BPD) oil output cut. RPS notes that the decision was made due to many factors, though one thing that's ... Read the full article Apprehensive outlook for energy & insurance industries: WTW 3rd November 2022 According to a report from the global advisory, broking and solutions company, WTW, both the energy and the insurance industries have a lot to be apprehensive about heading into the January renewals, as global geopolitical and economic uncertainties continue to intensify. A number of factors have contributed to this new “apprehensive ... Read the full article Verisk sells energy business Wood Mackenzie to Veritas for £3.1bn 31st October 2022 Global data analytics provider Verisk has announced plans to sell its energy business, Wood Mackenzie, to Veritas Capital for $3.1 billion as it continues to shift its focus towards becoming a pure-play re/insurance business. Having joined Verisk in 2015, Wood Mackenzie provides data, analytics, and insights to support the energy, ... Read the full article BMS names Alex Tesei as director of European energy reinsurance 19th October 2022 BMS Group has announced further expansion of its specialty energy practice with the hire of Alex Tesei as director of European energy reinsurance. Tesei holds almost two and a half decades of industry experience, having spent ten years building up and leading the reinsurance division of Ribé Salat in Spain, specialising ... Read the full article Munich Re backs oil & gas decommissioning product by OneNexus 18th October 2022 Reinsurer Munich Re has agreed to provide backstop capital for a new funding product from OneNexus that seeks to provide the oil and gas industry with an option to reduce its environmental footprint. OneNexus’s Asset Retirement Obligation (ARO) product aims to address the decommissioning liabilities associated with retiring long-lived hydrocarbon producing ... Read the full article Hardening of energy market limited by positive factors: WTW 21st June 2022 Positive factors continue to limit the hardening of the market dynamic in upstream and downstream energy insurance, according to a WTW report. According to the broker’s 2022 Spring update, while downstream energy insurance buyers are yet to enjoy a soft market, the very best programs have now ... Read the full article Africa Specialty Risks energy division capacity increases to $38m 13th May 2022 Pan-African focused reinsurance group, Africa Specialty Risks (ASR) has announced that its energy division capacity has increased to $38 million. The reinsurer stated that the increase was provided through their ongoing relationship with GIC Re and Peak Re. The increase follows on from twelve months of profitable underwriting results for ASR’s portfolio ... Read the full article Ukraine conflict industry loss could exceed $20bn: PCS 18th April 2022 The insurance and reinsurance industry loss from the conflict in Ukraine could exceed US $20 billion, according to Verisk-owned specialist claims and loss data unit PCS. Property Claim Services (PCS) has analysed data from its three most relevant product offerings, the PCS Global Aviation, PCS Global Marine and Energy, and PCS ... Read the full article
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