Free Press Release Center Logo
   
  Home | About Us | Sample Press Release
  Press Release Articles | Press Releases and SEO | Press Release Book  
 

CatVest Petroleum Services LLC launches EnergyRisk Model and Industry Loss Index

CatVest Petroleum Services LLC announces the launch of the EnergyRisk Model and Industry Loss Index which faciliatest the transformation of energy risks into capital market risk transfer instruments.

PDF  View as PDF  Print View   

January 17, 2012 (FPRC) -- 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.

Send an email to Press office of CatVest Petroleum Services LLC

Recent Press Releases By The Same User

Catvest Petroleum Services Llc Launches to Transfer Oil Spill Risks to the Capital Markets (Tue 16th Aug 11)



Press releases by industry
Advertising
Aerospace and Defense
Architecture
Arts and Entertainment
Audio and Video
Automotive
Baseball
Basketball
Beauty
Beverages
Business
Chemicals
Christianity
Communication
Computers
Consumer
Crops
eCommerce
Economy
Education
Employment
Energy
Environment
Events and Trade Shows
Fashion
Finance
Food
Football
Forestry
Golf
Government
Hardware
Healthcare
Holidays
Human Resources
Immigration Services
Information Technology
Insurance
Internet
Investment Services
Legal
Leisure
Lifestyle
Linux and Open Source
Maritime
Media
Non-Profit
Photography
Plumbing and Heating
Politics
Public Relations
Railroads
Real Estate
Religion and Faith
Restaurants
Retail
Science
Society
Software
Sports
Technology
Television
Toys
Trade
Transportation
Travel and Tourism
Trucking
Volunteer
Waste Management
Water

[ Vist our sister sites: Linux news | Bible Study Tool ]

Site design and layout copyright 2005-2015 Free Press Release Center