Press release
CatVest Petroleum Services LLC launches EnergyRisk Model and Industry Loss Index
CatVest Petroleum Services LLC, the specialist risk modelling, quantification and structuring firm for the energy and chemical sectors today announce the official launch of their EnergyRisk Model and Industry Loss Index.CatVest Petroleum Services are specialists in comprehensive analysis, modeling and quantification of risks of energy losses for both offshore and onshore risks. CatVest’s modeling services are specifically designed to assist with transfer of these risks to the capital markets through the use of financial instruments such as insurance-linked securities and industry-loss warranties.
With years of modeling experience in the offshore and onshore energy and chemical sectors CatVest‘s team have devised a suite of modeling tools allowing for accurate estimation, analyses, calculation and indexing of catastrophic losses (including those from physical damages, operators extra expenses, business interruption, incident response costs, third party losses and natural resource damages) in the offshore and onshore oil and gas energy and chemical industries worldwide.
The patent pending CatVest EnergyRisk Model focuses on broader, more comprehensive energy losses. It allows for accurate estimation, analysis, calculation and indexing of catastrophic losses in offshore and onshore oil and gas energy and chemical facilities around the world. This model is tailored specifically for the purposes of creating industry loss indices for the energy sector. These energy industry loss indices can be used to assist with the design, structuring and triggering of cost-effective insurance linked securities or industry loss warranty derivatives.
Commenting on the launch of the CatVest Energy Risk Model, CatVest managing partner and chief scientist Timothy J. Reilly said: “The CatVest EnergyRisk Model provides the objective and accurate energy loss risk analyses and post event loss calculation procedures needed by the Oil and Gas industry to facilitate cost effective insurance coverage”.
CatVest Petroleum Services have already created industry loss indices for a number of major oil and gas producing regions of the world, including the North Sea and the Gulf of Mexico. The EnergyRisk Model is suited to creating geographically targeted indices for quantification and measurement of losses for any region of the world.
CatVest Petroleum Services also offer the world's most advanced oil and hazardous material spill risk modeling services, having perfected the creation of parametric indices for oil and chemical spill risk using the CatVest SpillRisk Model. CatVests SpillRisk model enables spill risk transfer to the capital markets through catastrophe bond type (ILS) structures.
CatVest Petroleum Services LLC is currently working on a large North Sea offshore energy industry-loss warranty (ILW) transaction with one of the world's largest reinsurance brokers for a major global reinsurer. They are actively seeking other opportunities to work with insurers, reinsurers, brokers and also oil and gas energy corporations who are seeking to facilitate the transfer of these types of risk.
CatVest Petroleum Services LLC (www.catvestpetroleum.com) was established in 2011, bringing together the premier company involved in oil, gas and hazardous material loss risk assessment/management, environmental damage claims and spill response & restoration; insurance-linked securities experts with years of experience in the market; and securities and derivatives structuring legal counsel experienced in these types of asset transactions. With a focus on comprehensive energy loss and oil spill risk transfer, offering to structure, arrange and provide the risk modeling necessary to bring a deal to market, they are a one stop shop looking to work with oil/energy companies, brokers, insurers and reinsurers holding significant risks.
CatVest Petroleum Services LLC
Delaware, United States
pr@catvestpetroleum.com
http://www.catvestpetroleum.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release CatVest Petroleum Services LLC launches EnergyRisk Model and Industry Loss Index here
News-ID: 207363 • Views: …
More Releases for Risk
RiskWatch Launches Risk Management Software: Streamlined Risk Assessments and In …
RiskWatch International, a leading provider of compliance and risk management solutions, has announced the launch of its comprehensive Risk Management Software. This user-friendly platform empowers organizations of all sizes to proactively identify, assess, and mitigate risks, fostering a culture of resilience and success.
RiskWatch Risk Management Software delivers a robust suite of features, including:
● Comprehensive Risk Templates: Build a customized library of risk templates tailored to your specific needs, encompassing…
SMARTER RISK LAUNCHES REVOLUTIONARY AUTOMATED RISK CONTROL SOLUTION
Winston-Salem, N.C. - Smarter Risk, a risk control solutions provider, is proud to announce the launch of its newest product, Automated Risk Control (ARC) - a first-of-its-kind scalable risk control platform designed for the insurance industry.
ARC delivers unmatched speed, efficiency, and cost savings by automating the entire risk assessment process, from data collection to reporting. With assessments taking just 15 minutes and turnaround times of two business days, ARC…
Construction Risk Software Market is Booming Worldwide : Risk Decisions, Sword A …
2020-2025 Global Construction Risk Software Market Report - Production and Consumption Professional Analysis (Impact of COVID-19) is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Construction Risk Software Market. Some of the key players…
Future Growth In Risk Analytics Market - Segmented By Material Type (Software An …
The global risk analytics market was valued at, and is expected to reach a 2023 at a CAGR of +13%, during the forecast period (2018-2023). The market is segmented by type of offering, applications, end-user vertical, and geography. This report focuses on adoption of these solutions for various applications various regions. The study also emphasizes on latest trends, industry activities, and vendor market activities. Approximately 73% of the banks are…
Risk Analysis and Risk Management for Public Private Partnerships
Practical Seminar, 21st – 22nd March 2013, Berlin
For many public institutions that plan new projects in the sectors of public buildings, infrastructure or energy and waste, Public Private Partnerships are an attractive alternative to traditional tender and delivery strategies. However, risks in PPPs have to be identified, analysed and allocated to the right partner before embarking on a project.
• What is risk
• What types of risks exist for which type of…
Online Risk Check Analyzes Weighing Risk in Minutes
Mettler Toledo, the leading manufacturer of precision instruments, developed the Risk Check: An online tool to analyze the weighing risk of balances from all kinds of manufacturers. The Risk Check defines the weighing risk to optimize the performance and quality of a balance. It is based on the international weighing guideline Good Weighing Practice (GWP), which is appropriate for persons in charge of quality management in the pharmaceutical, chemical and…