Global Energy Company
A leading U.S.-based global energy company
that is a major player in all aspects of oil
and gas as well as geothermal energy, was
involved in multiple joint ventures across the
globe with an international team managing
insurance for global programs and ad-hoc
projects. The company needed to report on
insurance costs on a total joint-venture
level. The company was required to provide
reports on not only their corporate net
position but also their captive net position,
along with the standing of any participating
entities in the commercial insurance and
reinsurance market.
Ventiv IRM has met the company's needs and
delivered benefits that include:
• Ability to report on premium expenditures
between corporate joint ventures and then
through into their captives (gross and net),
and corporate spend versus commercial
market expenditure
• Replacement of numerous Excel
spreadsheets, which neither supported
reporting needs nor contributed to stable
business continuity
THE CAPTIVE INSURANCE RENAISSANCE | 12
