Energy
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Businesses must prepare for disorderly transition to net zero: WEF
Companies should prepare for a “disorderly transition” to a low-carbon economy, as climate change adaptation threatens to increase societal, economic…
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Renewable energy growth creates complex threat landscape for risk managers: WTW
Rapid growth in the renewables energy sector has landed risk managers with a full in-tray of emerging risks, according to…
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New energy MGA OPEnergy begins underwriting
Specialist managing general agent (MGA) Pine Walk Capital has launched a new energy liability MGA, OPEnergy Ltd. Following regulatory approval…
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First quarter to see pockets of hard market continue in the US, says Amwins
US insureds will see pockets of the current hard market continue throughout the first quarter of 2022, as the market…
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Lloyd’s Asia launches new renewable energy consortium
Lloyd’s has launched a new renewable energy consortium to respond to the growing needs of companies operating in the Asia-Pacific…
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GCube adds to global underwriting team
Renewable energy projects underwriter GCube has added new members to its global underwriting team, including Jake Rowland, former advisory representative…
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Insurers urged to boost solutions for carbon market
Insurers have been slow to come up with solutions for the carbon market and nature-based solutions to limit global warming,…
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Arch and Fidelis sign up to WTW’s carbon-transition accreditation system
Arch Insurance International has become the latest insurer to back Willis Towers Watson’s (WTW) Climate Transition Pathway (CTP) with its…
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Marsh names Sartain head of US and Canada specialty
Marsh has appointed Michelle Sartain, previously head of its US financial and professional lines division (finpro), to lead its specialty…
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Norway’s DNV acquires Dutch cybersecurity firm
Norwegian risk management service provider DNV has bolstered its cybersecurity credentials with the acquisition of Netherlands-based Applied Risk. The Dutch…
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Anti-coal campaign against Convex parks up at London Market Conference
Environmental group Market Forces has targeted Convex Insurance at the London Market Conference, which is taking place in the city…
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Shell’s UK relocation plans cause outcry in the Netherlands
News of oil company Royal Dutch Shell’s plan to relocate its operations to the UK has caused uproar in its…
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New Swiss underwriter set to help oil and gas on the road to net zero
A new underwriting business designed to support the oil and gas industry in its transition to a carbon-neutral future is…
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Zurich urged to go further after making new commitments on oil and gas
Zurich has announced that it will no longer underwrite new greenfield oil exploration projects unless “meaningful transition plans” are in…
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Poland’s biggest insurer PZU urged to join European peers and exit coal
Poland’s biggest insurer PZU has been criticised by the Institute for Energy Economics and Financial Analysis (IEEFA), for continuing to…
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Austrian minister issues Europe-wide blackout warning
The Austrian government has raised the prospect of electricity shortages this winter, as the European continent grapples with the simultaneous…
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Pressure mounts on Convex as two more insurers rule out Adani’s Carmichael project
Two London insurers, in RSA Insurance and Conduit Re, have ruled out underwriting Adani’s controversial Carmichael coal project in Australia,…
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Renewables ‘gold rush’ requires new approach to insurance
A ‘gold rush’ in renewable energy investment will bring huge opportunities for insurers, but it will require more efficient and…
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European windfarm projects risk legal challenges without insurance, warns CLS Risk Solutions
Wind energy projects in France, Germany and Spain risk substantial and costly delays without insurance in place to cover objections…
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Dutch pension fund divests €15bn of fossil fuel holdings
One of the world’s largest pension funds is set to dump its multibillion-euro holdings in fossil fuel-linked companies, in frustration…
