Gay Catherine Chung is an independent consultant specializing in windpower and renewable energy risk financing and risk management.

She has over 15 years in the commercial insurance industry; including over 10 years as a senior risk management and risk financing consultant with both Marsh, Incorporated and Aon Corporation, the two largest international insurance broking and risk management consulting firms in the world.

Her most recent responsibilities included management of Aon Zurich office's Global Client (Fortune 1000) Group where she worked extensively with wind energy project developers, turbine manufacturers, government export credit funds, venture capitalists and financial institutions to fund, develop and finance the risks of large wind energy projects in Western and Southern Europe and North America.

Her technical expertise includes experience with the enterprise risk management process of holistic evaluation and treatment of the broad spectrum of a project's or corporation's risks. She has also structured risk transfer portfolios in the financial and insurance markets, allowing liabilities to be removed from balance sheets and strengthening the creditworthiness of her clients. She is well-versed in credit enhancement products, alternative risk financing methods and warranty coverage for windpower projects.

Energy projects included a 200MW portfolio project in Germany, a 100MW project in Wyoming, several smaller projects in Spain and Turkey, and a 300-600MW wind energy project in Oregon and Washington states.

In December of 2001, Ms. Chung presented "Offshore Windpower Project Finance - Credit Enhancement" in the Economics and Finance Section of EWEA's Offshore Wind Energy Special Topic Conference in Brussels, Belgium. This paper was published by EWEA in January of 2002. Ms. Chung also addressed two Native American economic development conferences in 2002 and presented at a New York seminar on Financing Wind Power Projects in March 2003.

Ms. Chung, born and raised in Hawai'i, honors her Kanaka Maoli (Native Hawaiian) ancestors by supporting an independent and sovereign nation of Hawai'i. In her native Hawai'i she is working pro bono on both the strategic and grassroots levels to support rural communities' goals for sustainable living combining traditional Hawaiian ahapua'a management and renewable energy technologies. She currently lives and works in Oakland, California.

Professional History

2002 Consultant, Renewable Energy Risk Financing & Risk Management
1999-2002 Manager - Global Client Group, Aon Jauch & Hubener AG, Switzerland
1995-1999 Vice President - Account Executive, Aon Risk Services, USA
1992-1995 Assistant Vice President - Broker, Marsh Inc., USA
1990-1992 District Services Manager, ACWA-JPIA, California
1987-1990 Branch Underwriter, Pan American Underwriters, California

Recent Activities

2002 - Credit Enhancement & Project Finance, Financing Windpower Projects, New York, NY - Draft Proposal for Native Hawaiian Energy Governance
2001 - Windpower Project Finance, Economic Development Summit on Emerging Tribal Economies, Phoenix, AZ - Risk Management & Renewable Energy Projects, Affiliated Tribes of the Pacific Northwest Conference on Economic Development, Portland, OR
2000 - Credit Enhancement & Offshore Windpower Project Finance, EWEA-AWEA Special Conference on Offshore Wind Energy, Belgium.

2003 - Native Hawaiians & Renewable Energy Workshops, 'Ike Ea - Energy Independence, Puna, Waimea, Kahului, Honolulu, Hawai'i
2004 - Native Hawaiians & Renewable Energy Workshops, 'Ike Ea - Energy Independence, Hawai'i, Moloka'i, Kaua'i, Lana'i, Mau

Professional Designations

1994 - Chartered Property & Casualty Underwriter (CPCU)
2000 - Associate in Risk Management (ARM)
2002 - Associate in Surplus Lines Insurance (ASLI)
1987-Present, California Department of Insurance Fire & Casualty Broker's License No. 0760992





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