Reinsurance News
Nephila Climate
Industry guidance on innovation flagged during climate-focused Aon fireside
24th November 2021
While industry momentum against climate change is building, guidance on where specifically to focus innovation efforts, as well as the success of communication between re/insurers and businesses, were both flagged as key areas still being refined and worked through. These comments came during a panel brought together for an Aon-hosted fireside ... Read the full article
Allianz (AGCS) & Nephila provide hedge structure for Texas solar project
8th January 2021
The capital solutions unit of Allianz Global Corporate & Specialty (AGCS) and Nephila Climate have entered into a new a proxy generation power purchase agreement (pgPPA) for a 153 megawatt solar farm in Texas. Briar Creek solar farm, which is owned by Lightsource bp, is expected to start commercial operation at ... Read the full article
Nephila Climate implements new hedging structure for renewable energy
7th October 2019
Nephila Climate, the weather, climate and ESG-driven specialty division of Nephila Holdings Ltd., has announced an addition to its suite of hedging structures for renewable energy. The firm plans to use a Proxy Generation Power Purchase Agreement (pgPPA) for the 180MW Heart of Texas (HTX) wind farm located in McCulloch County, ... Read the full article
Nephila Climate to provide weatherXchange platform with indicative pricing
31st July 2018
Nephila Climate (NCx), the weather and ESG-driven specialty division of Nephila Holdings, has announced that it will be providing instantaneous indicative pricing for weatherXchange, the global platform that offers companies access to index-based weather risk protection. weatherXchange said that its Instantaneous Indicative Pricing service helps to streamline the structuring process for ... Read the full article
Nephila Climate and Allianz complete Proxy Revenue Swap for Australian wind farm
20th June 2018
Nephila Climate (NCx), the weather and ESG-driven specialty division of Nephila Holdings, together with Allianz Global Corporate & Specialty’s alternative risk transfer unit, have completed a Proxy Revenue Swap and Corporate Power Purchase Agreement (PPA) for the Lal Lal wind farm project in Victoria, Australia. The Proxy Revenue Swap transaction marks ... Read the full article
Nephila Climate and Allianz close solar farm Proxy Revenue Swap deal
29th May 2018
Nephila Climate (NCx), the recently established weather and ESG-driven specialty division of Nephila Holdings, has completed the first solar farm Proxy Revenue Swap transaction in partnership with Allianz Global Corporate & Specialty SE. The parties successfully closed a first set of solar Proxy Revenue Swaps for the Susan River Solar ... Read the full article
Allianz closes 10-year proxy revenue swap for Invenergy wind farm
9th February 2018
Allianz Global Corporate & Specialty’s (AGCS) alternative risk transfer unit (Allianz) has closed a 10-year proxy revenue swap for Invenergy's Upstream Wind Energy Center to ensure stable revenues despite uncertainty of intermittent wind resource. Allianz cooperated with Nephila and REsurety to provide an innovative financing solution for the renewable energy company's ... Read the full article
Nephila looks to expand weather risk business with Nephila Climate launch
30th January 2018
Nephila Holdings Ltd, the parent company of the world's largest insurance and reinsurance-linked fund manager, Nephila Capital Ltd, has expanded its weather and ESG-driven operations with the launch of Nephila Climate (NCx), a new specialty unit dedicated to weather risk transfer and climate resilience solutions. Nephila has announced that head of its ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
