Experience

Parhelion Underwriting Ltd

• United Kingdom
• Insurance
• 1 - 100 Employee

• Director, Climate Risk Finance

  • Jun 2018 - Present

  Parhelion Underwriting is a risk finance company insuring non-traditional risks impacting investment into clean energy, climate finance and environmental commodity markets. Clients include investment banks and private equity companies; NGOs and government ministries; project developers and major oil companies looking to diversify into renewable energy The firm deploys the risk capital of underwriting syndicates at Lloyd’s of London to take on risks facing renewable energy and the environmental commodity markets. • Developed and implemented insurance and finance strategies to de-risk the climate change challenge: from technology and market risks to regulatory issues to offtake and feedstock risks • Created insurance products for: change of regulation in the environmental commodity markets (“cap & trade” carbon emissions credits like RINs, LCFS, EUA); waste to renewable fuels project finance; biomass feedstock supply chain disruption; permitting failure risk in a new CO2 pipeline; carbon registry cyber theft; and non-permanence risks in carbon capture & storage. Show less



International Energy Insurance Brokers

• Insurance
• 1 - 100 Employee

• Founder and Chief Executive Officer

  • Sep 1998 - May 2018

  CEO and Founder of a successful insurance brokerage and risk consultancy firm. International Energy Insurance specialized in the energy industry with clients engaged in every aspect of the oil supply chain from exploration to trading which then grew into the renewable energy sector. An international insurance brokerage and risk consulting firm focused on the global energy industry, both oil and renewable, with clients engaged in every aspect of the sector. • Built a 25-person team and led business development and client engagements • Created solutions, working with insurers in the London, Bermuda, Europe and international insurance markets, to address the complex needs of high-risk and complex exposures Mike started his career as a Broker at Lloyd’s and continued in the U.S.A. where he held senior broker positions. Show less