Deal Could See Japan Escalate UK Offshore Wind Investments
Karl-Erik Stromsta of ReCharge interviews GCube’s Head of Offshore, Jatin Sharma April 11, 2012
Read MoreWorrying About The Warranty: The Future Wind Industry Innovation & Growth By Chris Cioni, Senior Vice President Technical Services & Claims
In 2012, over 15,000 wind turbines are coming off warranty agreements. 8,000 of them are based here in the United States. What challenges does this present for the development and evolution of the clean energy markets and how is the insurance industry working together with developers to better understand and hedge against this risk? As with anyone making an investment in large-scale, heavy-duty mechanical equipment, manufacturer warranty programs provide an additional level of support to fixing operating and maintenance costs and securing lender confidence as much as they provide product...
Read MoreGCube Hosts Inaugural GCube Advisory Council (GCAC)
We recently hosted our first GCAC meeting. This council consists of representatives from 12 of North America’s leading renewable energy companies along with their broker representatives from 6 of the major brokerage houses. The purpose of the GCAC is to provide a platform for renewable energy industry leaders to exchange ideas and develop industry specific best practices for addressing the exposure to financial loss Through insurance, loss control contractual risk transfer, alternative risk transfer and other irks management strategies. Additionally, the Advisory council will become a...
Read MoreMessage from GCube Insurance Services President, John McLane
Welcome to the second edition of The Renewable Insight, our quarterly industry newsletter that keeps you current with the latest GCube and industry news. The renewable energy marketplace continues to expand and mature in spite of difficulties and hurdles imposed by the global economy, lending markets and regional and local regulators and governmental agencies. The Annual Energy Outlook in preparation by the US Energy Information Administration forecasts US renewable energy generating capacity will grow 17.3% from year end 2011 (142.6 GW) to year end 2015 (167.3 GW) as approximately 33% of...
Read MoreInterview with an Underwriter
Al Caceres, Senior Vice President Underwriting GCube Insurance Services, Inc. Over the past year, Al Caceres has been responsible for leading our US underwriting and account management teams. During that time, Al has become very familiar with our client’s and their insurance needs. We sat down with him to discuss some of the challenges and innovations currently facing the renewable energy market. What are the most significant challenges facing the North American markets from an underwriting perspective in 2012? Some of the major challenges facing the market include more competition...
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