Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

A new project has just delivered street lighting to downtown Bujumbura, extending commercial hours and personal safety. The switch-on is part of a deal between the capital of Burundi’s Mayor Freddy Mbonimpa and Gigawatt Global, a founding member of US Power Africa’s Beyond the Grid programme. Solar-powered ‘light islands’ began appearing in the heavily-trafficked central bus station and nearby marketplace.…

Renewables insurer GCube poaches duo from RSA

Renewables insurer GCube poaches duo from RSA

Renewables insurer GCube poaches duo from RSA

Specialist renewable energy insurer GCube Underwriting has recruited Steve Allen and Adam Hearn to the posts of director and senior underwriter, respectively, at its London office. Messrs Allen and Hearn join GCube from RSA Group, where Mr Allen was engineering, construction and renewable energy director, and Mr Hearn was an underwriter in the power and engineering sectors, specialising in renewable…

Cunningham Lindsey adds renewable wind energy team in Netherlands

Cunningham Lindsey adds renewable wind energy team in Netherlands

Cunningham Lindsey adds renewable wind energy team in Netherlands

Loss adjusting firm Cunningham Lindsey has established a new team of renewable wind energy experts in the Netherlands, in response to increased demand. Based at Cunningham Lindsey Nederland (CLN), the three-strong team is Michiel Groote Schaarsberg, a material science and technical loss adjuster; Morten Jensen, a wind power loss adjuster and consultant; and Erik van den Bos, a civil engineering…

Fukushima executives go on trial in Japan

Fukushima executives go on trial in Japan

Fukushima executives go on trial in Japan

Three former executives at the Fukushima Daiichi nuclear power plant have pleaded not guilty to charges of professional negligence, in the only criminal trial to have resulted from the 2011 nuclear disaster. Tsunehisa Katsumata, chairman of Tokyo Electric Power Plant at the time of the incident, issued an apology to the Tokyo court at the commencement of the trial but…

Insurance lawyers form global network

Insurance lawyers form global network

Insurance lawyers form global network

Seven law firms across four continents have launched a network to focus on insurance law. The founders of Global Insurance Law Connect said the network will provide clients with access to global legal expertise on the ground. Global Insurance Law Connect was founded by four companies – Italy’s Batini Traverso Grasso & Associati, BLM in the UK, Byrd & Associates…

New models to help insurers with clash risks

New models to help insurers with clash risks

New models to help insurers with clash risks

Catastrophe modelling firm Risk Management Solutions (RMS) and the Cambridge Centre for Risk Studies (CRS) are developing tools to help insurers standardise exposure data and model clash risks. CRS is creating a set of exposure standards for risks that are currently not well modelled by insurers. These standards could help bring consistency to information supplied by corporate buyers, as well…

EPIC Insurance acquires product warranty analytics firm

EPIC Insurance acquires product warranty analytics firm

EPIC Insurance acquires product warranty analytics firm

EPIC Insurance Brokers and Consultants, the Californian P&C broker and employee benefits consultant, has acquired After Inc, a product warranty analytics firm based in Norwalk, CT. Epic said the acquisition is intended to help it grow its PowerGuard Specialty Insurance Services subsidiary – a renewable energy programme manager based in the US. Founded in 2005 by Fulcrum Analytics, After Inc…

Everest poaches Engelbrecht from AIG for energy unit

Everest poaches Engelbrecht from AIG for energy unit

Everest poaches Engelbrecht from AIG for energy unit

Jeff Engelbrecht has joined Everest Insurance from AIG, as a senior executive within the US energy team. He will be principally responsible for working with evolving national account relationships, while providing in-house expertise across the entirety of the insurer’s underwriting team, Everest said. Mr Engelbrecht joins Everest from AIG, where he had worked since 1995, most recently as executive vice-president,…

MarketScout sells workers’ comp unit to fund insurtech expansion

MarketScout sells workers’ comp unit to fund insurtech expansion

MarketScout sells workers’ comp unit to fund insurtech expansion

MarketScout, the Dallas, Texas-based insurance exchange and managing general agent (MGA), has sold its workers’ compensation MGA to Specialty Program Group to fund a planned expansion into insuretech and MGA facilities. MarketScout is a Lloyd’s coverholder and MGA for US insurers and currently operates seven MGAs and provides specialty brokerage solutions for workers’ compensation, energy, professional and high net worth…

Mining sector climbing back to profit

Mining sector climbing back to profit

Mining sector climbing back to profit

The world’s giant mining houses are reversing their race to the bottom, according to PwC’s Mine 2017 report. The report shows the top 40 companies have bolstered balance sheets and a return to profitability in 2016. At the release of the 14th edition of PwC’s industry series, Michal Kotzé, energy, utilities and mining industry leader for PwC Africa, said: “The…

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