Line of business: Renewables Page 3 / 4
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- August 8 2023
Capacity challenge for Asia’s offshore wind market as nat cat, accumulation risks rise
Larger turbines, wind farms being created further offshore and more ambitious projects mean (re)insurers need to adapt quickly.
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- July 31 2023
WTW | Charting a path forward in South-East Asia’s solar revolution
The region’s solar market has grown markedly in recent years but unlocking its full potential for the green transition will require overcoming some lingering challenges.
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- July 12 2023
Rising parametric solutions support Asia’s renewable energy transition
Advances in data analytics are helping cover a wider range of perils and risks, but weak pricing, lack of diversification and basis risk limit growth.
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- July 11 2023
QBE launches full lifecycle renewable cover in Australia
The product will cover wind, solar, and battery storage facilities from construction to decommissioning and has plans to include hydrogen.
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- July 5 2023
Property rate increases moderated at mid-year renewals: Guy Carpenter
Global cat reinsurance risk-adjusted rate increases ranged from 10% to 50%, with loss-impacted clients often seeing higher pricing.
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- July 5 2023
Carriers move to support decommissioning of Asean energy assets
Power purchase agreements hammered over two decades ago are coming to an end in Malaysia, Brunei, Indonesia and Thailand, driving the need for insurance solutions.
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- June 15 2023
Carriers bet on APAC renewables despite losses
Underwriters await a market correction as regional investments in innovative projects such as floating solar panels increase.
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- April 17 2023
APAC aviation renewals on course for 50% hikes
Middle and higher XOL treaty layers see steep climbs while terms and conditions are under scrutiny, especially for war risks.
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- March 23 2023
GCube bets on Australia’s green transition
The Tokio Marine-backed MGA’s chief executive Fraser McLachlan discusses Australia expansion and Asia Pacific strategy.
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- February 22 2023
Tokio Marine-owned renewables specialist GCube launches with local paper in Australia
The Sydney-based firm will underwrite on locally authorised paper issued by Tokio Marine & Nichido Fire Insurance Australia.
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- October 27 2022
Rate rises and healthy pipeline power Lloyd’s Asia renewable consortium
The facility’s US$100m capacity could be increased, says Chaucer Singapore CEO Margaret To.
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- October 13 2022
Opinion: Can reinsurers step up to Japan’s offshore ambitions?
Carriers are reluctant to provide capacity for offshore wind farm construction and operational risk covers.
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- September 9 2022
APAC renewables to generate US$59bn of premium by 2035: Swiss Re report
Property and casualty sector global real premiums will grow by around 2.7% in 2023.
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- July 4 2022
Korean wind projects worth US$264m GWP to insurers
Construction of 6GW of offshore wind presents risk challenges, but also an opportunity.
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- April 21 2022
Capacity remains strong for Asia’s renewable energy boom
Major Singapore and Indonesia solar project signed as insurers tested by new technologies in hardening market.
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- April 13 2022
Tokio Marine’s GCube opens Sydney office
The specialist insurer underwrites renewable energy products -- a fast-growing sector in APAC.
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- December 24 2021
Lloyd’s Asia launches renewable energy consortium
Chaucer, Markel and Munich Re Syndicate developed the new offering that will have a maximum capacity of US$100m per project.
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- November 24 2021
Can insurers help ‘keep 1.5 alive’?
A lack of data could hamper the industry’s efforts to play its part in achieving net zero.
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- October 27 2021
Parima 2021: PPPs make green energy projects viable
Insurers say renewable business lines have struggled with profitability for many years.
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- July 23 2021
Asia’s renewable projects poised to squeeze capacity
The region is set for US$200bn of investment in wind farms over the next five years and often in nat cat prone areas.
