GCube Insurance is looking to grow our dynamic team. Seeking a renewable energy underwriter, based out of New York City NY, Santa Ana CA and/or Houston TX. For full description of this opportunity, please visit https://lnkd.in/gYUCCgur.
GCube Insurance’s Post
More Relevant Posts
-
In case you are interested
Exciting opportunity alert! 🌿⚡ If you're passionate about the energy transition and renewable energy, this could be the perfect role for you. Munich Re Specialty - Global Markets, Syndicate is seeking a Senior Underwriter to spearhead our offshore wind business. Join our Green Solutions team and be part of a market-leading company driving sustainable change. Learn more and apply here: [Link to job posting] #offshorewind #renewableenergy #energytransition Timothy Lee Andrew Clydesdale Dominick Hoare
To view or add a comment, sign in
-
In this article from the energy market review, written by Blake Koen, we analyse the North American casualty market. Discover how it's shaping up to be a tale of two markets within the oilfield services sector. Read now to uncover the full picture. Read now: https://ow.ly/Nnoh50S20X6 #Energy #RiskManagement #EMR2024 #NorthAmericanCasualtyMarket
North American energy casualty: A tale of two markets — oilfield services
wtwco.com
To view or add a comment, sign in
-
Despite a track record of concerning failure events in the global Battery Energy Storage Systems (#BESS) market, underwriters remain optimistic about the sector's potential, provided key risks are managed. This is the outlook of GCube's latest market insights report, titled “Batteries Not Excluded: Getting the insurance market on board with BESS”, published today. The report aims to give asset owners and developers a transparent insight into the current state and future direction of BESS #underwriting, as well as the opportunities and challenges ahead. Leveraging 12 years of public data and insights from our global underwriting teams, “Batteries Not Excluded” unveils key failure event findings, including: • More than 50% of BESS failures occur within the initial two years of operation • 5-50 MWh BESS account for over half of total failure events globally • Solar-plus-storage projects contribute to 48% of failures Despite the ongoing challenges, there is optimism for the sector's growth. Underwriters increasingly recognise BESS's significance in the #EnergyTransition, and, with this, we anticipate BESS assets to comprise up to 30% of our underwritten #renewables portfolio by 2024. Fraser McLachlan, CEO, GCube, said: “GCube is a pioneer in the BESS field and has learnt the hard way, having handled some of the largest losses in the market to date. By consistently providing transparent information to insureds and brokers regarding underwriters' perspectives, we aim to foster sustainable, safe, and reliable growth in the sector." To read more, visit: https://lnkd.in/eEWQ9EbA “Batteries Not Excluded: Getting the insurance market on board with BESS” is available exclusively to GCube’s Insured clients and Brokers. To request a copy, please visit GCube’s website or email [email protected] #BESS #storage #insurance
To view or add a comment, sign in
-
-
Asset insurance in the oil and gas industry is vital because it safeguards valuable and complex assets, such as drilling rigs and refineries, providing financial protection against potential losses from equipment failures, natural disasters, and environmental incidents. One of the ways to ensure you have a plan to "bounce back" from unexpected events is to gain expertise in the Asset Insurance area. The exciting news is that Causal Capital is launching a virtual #Certified #Asset #Insurance #Specialist #Masterclass for the oil and gas industry, which is just around the corner from January 15-18, 2024. Feel free to reach out to me for more details at [email protected] #energy #oilandgasindustry #assetinsurance #certifiedprofessionals #learninganddevelopment #causalcapital #professionalgrowth
To view or add a comment, sign in
-
-
Business Consultant & Strategist | Transforming Ambition into Achievement | Leveraging Golf Skills for Business Success
Tony Sanchez, CEO of OneNexus, is pioneering a unique solution for the oil industry's challenge of orphaned wells. Featured in a Houston Chronicle article by Amanda Drane, Sanchez explains how OneNexus offers 'well-plugging insurance,' a novel approach to managing the end-of-life phase of oil wells. Sanchez, a veteran Houston oil executive, was motivated by the industry's often-overlooked liability of decommissioning oil and gas wells. Recognizing the financial and environmental implications, he founded OneNexus in 2021. The company's insurance product pre-funds decommissioning liabilities, ensuring that funds are available to safely retire wells, thereby avoiding potential environmental hazards like methane leaks. Since beginning underwriting in January 2023, OneNexus has secured $30 million in contracts, covering over 2,000 wells. This innovative approach likened to a life insurance policy for wells, ensures that the necessary funds are set aside and grow over time under strict regulatory oversight. This forward-thinking strategy not only addresses the financial aspects but also aligns with the industry’s shift towards more sustainable practices. As the industry evolves, OneNexus’s model could serve as a blueprint for handling legacy environmental liabilities responsibly and proactively. https://lnkd.in/gnXdN9zJ
Oil well plugging is haphazardly funded. This Houston oil exec aims to change that
houstonchronicle.com
To view or add a comment, sign in
-
Asset insurance in the oil and gas industry is vital because it safeguards valuable and complex assets, such as drilling rigs and refineries, providing financial protection against potential losses from equipment failures, natural disasters, and environmental incidents. One of the ways to ensure you have a plan to "bounce back" from unexpected events is to gain expertise in the Asset Insurance area. The exciting news is that Causal Capital is launching a LIVE virtual #Certified #Asset #Insurance #Specialist #Masterclass for the oil and gas industry, which is just around the corner from January 15-18, 2024. Feel free to reach out to me for more details at [email protected] #energy #oilandgasindustry #assetinsurance #certifiedprofessionals #learninganddevelopment #causalcapital #professionalgrowth
To view or add a comment, sign in
-
-
Renewable Energy • PV Solar • Onshore Wind • Battery Energy Storage Systems (BESS) • Hydrogen • Biomass
The renewables industry - including brokers, insurers, sponsors, banks, etc. - need good information sharing of losses so we all learn. This is good info from RELA - Loss Adjusting on wind. EPRI maintains an excellent battery fire loss database https://lnkd.in/eef3sqHk Info sharing on Solar, particularly weather related events - successes and challenges - should be shared as well.
Where do you get the best answers? Look at the REAL DATA!! Our friends at RELA - Loss Adjusting have a large loss database including the data that built this presentation about onshore wind loss trends. Asset managers, performance analysts, risk engineers, technicians and all other wind farm decision makers/stakeholders. It is 100% worth 10 minutes of your time to peruse... Martin Dobson, thanks for the insights! Please follow the link below for more information: https://lnkd.in/gGctmTQt #thoughtleadership #riskmanagement #expertconsulting #insurance #renewableenergy #onshorewind
To view or add a comment, sign in
-
GCube Insurance, a specialist underwriter in the renewables sector, has announced the establishment of a new consortium designed to provide battery energy storage system (BESS) developers and asset owners with up to $100 million of “A-Rated” Insurance Capacity. Fraser McLachlan, (pictured) Founder & CEO of GCube Insurance, stated: “We have been studying developments in BESS and patiently increasing our capacity over the last 12 years. Our BESS consortium now formalises our significant commitment to the sector." "BESS has reached a point of maturity where more and more capacity is required, but the complexity of mitigating losses with evolving technology also requires this capacity to be well-versed in handling claims and selecting risks. This is the basis for GCube expanding its presence in the sector.” Read the full story here 👉 https://lnkd.in/eTvcRnZ5 #InsurtechInsights #InsuranceNews #RenewableEnergy
To view or add a comment, sign in
-
-
"A new paper documents that oil and gas drilling does far more damage to bird populations than wind turbines... Results show that the onset of shale oil and gas production reduces subsequent bird population counts by 15%, even after adjusting for location and year fixed effects, weather, counting effort, and anthropic land-use changes. Wind turbines do not have any measurable impact on bird counts." WIND TURBINES DO NOT HAVE ANY MEASURABLE IMPACT ON BIRD COUNTS https://lnkd.in/g4W49v5X
Friction is growing
billmckibben.substack.com
To view or add a comment, sign in
-
Where do you get the best answers? Look at the REAL DATA!! Our friends at RELA - Loss Adjusting have a large loss database including the data that built this presentation about onshore wind loss trends. Asset managers, performance analysts, risk engineers, technicians and all other wind farm decision makers/stakeholders. It is 100% worth 10 minutes of your time to peruse... Martin Dobson, thanks for the insights! Please follow the link below for more information: https://lnkd.in/gGctmTQt #thoughtleadership #riskmanagement #expertconsulting #insurance #renewableenergy #onshorewind
To view or add a comment, sign in