Uganda signs up to renewable energy deal with ATI

Uganda signs up to renewable energy deal with ATI

Uganda signs up to renewable energy deal with ATI

Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade Insurance Agency (ATI) and KfW with funding from the German Ministry of Economic Cooperation and Development. Under the programme, the RLSF will offer protection to new small and mid-sized renewable energy projects (up to 50MW)…

Chubb Overseas General appoints global energy senior executive

Chubb Overseas General appoints global energy senior executive

Chubb Overseas General appoints global energy senior executive

Matthew Hardy has been appointed as executive vice-president, global energy, Chubb Overseas General. He will report to Timothy O’Donnell, the newly-appointed division president, commercial property and casualty, Chubb Overseas General. The appointment is effective from 1 July. Mr Hardy was previously product head – energy for Chubb Global Markets and head of international energy for Chubb Overseas General. Before that…

Chubb appoints two energy industry practice leaders

Chubb appoints two energy industry practice leaders

Chubb appoints two energy industry practice leaders

Chubb has appointed two new practice leaders to head up its energy team with Barton Porter overseeing large firms and Brad Watson leading the mid-market business. In the large market energy sector, Mr Porter will work with clients including power generation, manufacturing and contracting companies that serve the energy sector. Mr Porter will be based in Houston and report to…

AGCS and Nephilia extend weather risk hedges to solar market

AGCS and Nephilia extend weather risk hedges to solar market

AGCS and Nephilia extend weather risk hedges to solar market

Nephila Climate, the weather and ESG-driven specialty division of Bermuda-based Nephila Holdings, together with Allianz Global Corporate & Specialty’s (AGCS’s) alternative risk transfer unit, have closed a first set of solar proxy revenue swaps for two projects in Australia, the Susan River Solar and Childers Solar facilities. The two new five-year transactions announced this week by Nephila and AGCS will…

Energy market on the edge

Energy market on the edge

Energy market on the edge

Energy insurance buyers have been spared large price hikes following last year’s hurricanes, but questions remain about the sustainability of current market conditions. Hurricanes Harvey, Irma and Maria were predicted to prompt meaningful energy rate increases but have resulted in only “modest” price rises, according to a recent Willis Towers Watson 2018 report on the sector. The limited impact was…

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

SCOR has reorganised its growing SCOR Business Solutions (SBS) unit in a move it says will make the firm more relevant to customers, be easier for brokers to use and help deliver planned growth in the large global corporate primary market. The Paris-based group said that in line with its current strategic ‘Vision in Action’ plan, it is “enhancing the…

HDI Global Specialty formed to focus on high growth and margin business

HDI Global Specialty formed to focus on high growth and margin business

HDI Global Specialty formed to focus on high growth and margin business

Talanx has decided to merge the primary specialty operations of its Hannover Re and HDI Global operations to create HDI Global Specialty, an international specialty insurer that will kick off with more than €1bn in premium income. HDI Global, along with the other leading industrial insurers, is struggling to deliver strong and profitable growth in core traditional European lines and…

RKH Specialty signals Asia push with new CEO appointment

RKH Specialty signals Asia push with new CEO appointment

RKH Specialty signals Asia push with new CEO appointment

International broking group RKH Specialty has appointed Stuart Beatty as its new chief executive for Asia-Pacific, a position he previously occupied at JLT Re. The position, which is based in Singapore, is newly created and signals RKH Specialty’s intention to develop a larger presence in the region. Its most senior executive in Asia was Singapore chief executive Karly Shaw, who…

Rate rises ‘disappoint’ energy insurers: Willis Towers Watson

Rate rises ‘disappoint’ energy insurers: Willis Towers Watson

Rate rises ‘disappoint’ energy insurers: Willis Towers Watson

The tough stance taken by energy underwriters on terms and rates in the immediate aftermath of the three large Gulf of Mexico hurricanes last year has not been sustained, according to Willis Towers Watson’s 2018 report on the sector. While year-on-year rate decreases in the global energy market ended abruptly following the 2017 hurricane season, buyers have found premium increases…

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