Reinsurance News

renewable energy

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

GCube Middle Eastern clean energy facility to be led by Trust Re

11th December 2017

GCube Underwriting has acquired a new underwriting facility for the Middle Eastern clean energy markets, to be led by reinsurer Trust Re. The setting up of the new facility was largely driven by changes to domestic policy in the Middle East that encourage the expansion of the renewable energy sector and ... Read the full article

Wind hedges could protect European wind energy from growing market risks

5th December 2017

By 2030 just 6% of European wind energy capacity will be protected against market risks by government support schemes compared to 75% today, raising new opportunities to transfer the growing financial risk from wind volatility, according to a Swiss Re study. Wind hedges, in the form of a derivative or insurance ... Read the full article

Reinsurance helps Microsoft make its cloud data centers greener

16th March 2017

Software and technology giant Microsoft is leveraging the reinsurance market to help it access sources of renewable energy while bearing less risk, making its data centers which provide cloud services greener. Reinsurers are attracted to renewable energy risks as they can often be considered a diversifying risk, versus the more typical ... Read the full article