Specialized Industries - Energy
The Winds of Change
In Energy Risk Management
Virtually every sector of the Energy industry is changing, and with it, energy risk management. Leading the way in industry changes is a massively heightened focus on renewables and energy efficiency.Oil and gas prices are at record highs, and are not expected to decline given the growing demand for these resources. The utility sector is complex and changing rapidly as companies pursue new models of value creation. Some strategies fiercely reinforce the traditional integrated utility strength of owning production, distribution and the customers.
On other fronts, wind, coal-to-liquids and nuclear power provide an increasing share of energy consumption in the next 5 years and the demand for ethanol indicate that the prospects for additional use of this renewable fuel continue to look promising.
Beecher Carlson’s Specialized Energy Risk Management Expertise
So what does all of this mean? As the industry changes so do your insurance and energy risk management needs. With so much on the line, you need a broker who knows and understands the nuances of the Energy industry and the financial impact of what’s ahead. You need Beecher Carlson.Our dedicated team, which has worked together for over a decade, provides the specialized level of service and expertise required by clients with potentially catastrophic exposures and worldwide operations. With experience in domestic and international markets, we identify the events, issues, trends and regulations that impact the management of utility risk and the ability of the organization to compete profitably.
The solutions we deliver are fresh and innovative, allowing us to help you:
- Leverage our knowledge of the domestic and international insurance marketplace and strong underwriter relationships to ensure that your premium and energy risk management dollars are used most effectively. With each program, we deploy advanced actuarial and analytical tools within the brokering process to leverage markets and ensure you the selection of an optimum risk financing strategy.
- Predict with a high degree of accuracy your future D&O risk profile so you can mitigate the severity and frequency of future shareholder litigation before it happens.
- Work through all phases of project development, lender and contractor negotiations, placement of insurance and negotiation of complex claims including business interruption and extra expense, environmental liability and D&O litigation.
- Explore whether a captive makes sense for you and if so, help you get it established. Beecher Carlson is the 8th largest captive manager in the United States today operating over 100 programs across every captive domicile.
- Determine whether or not you should use a wrap up as insurance and risk financing solution for your construction project(s). Wraps are not for everyone, pure and simple. At Beecher Carlson, we walk you through a complete analysis and feasibility of all potential solutions before venturing down the road of product development and policy procurement.
Call today and let’s examine what lies ahead for you.