Energy
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Supply chain risk and government policies top barriers to renewables growth: KPMG
Supply chain risks are among the main barriers to scaling renewable energy to replace fossil fuels, according to a survey…
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Lockton expands Norwegian team as part of Nordic expansion
Lockton has appointed Christen Thorbjørnsen, Harry Nilsen, Nikolai Jørgensen and former insurance manager Sigbjørn Larsen to its energy, renewables and…
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Abundant energy sector capacity could see price softening in 2024
Market capacity across the whole energy sector remains abundant, despite the significant loss activity across the sector in the last…
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Chaucer names Schnorr head of marine & energy
Chaucer has hired Simon Schnorr as head of marine & energy, taking over the role from Kelan Hunt, who will…
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Insurers called out for ‘greenwashing profits’ from fossil fuel underwriting
Insurers are prioritising profits over the planet by continuing to underwrite projects for fossil fuel companies, according to campaign group…
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New energy transition technology underwriter at Argenta Syndicate Management
Edward Davidson has been promoted to the newly created role of energy transition technology underwriter at Argenta Syndicate Management. Based…
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New head of energy for Argenta Syndicate Management
Argenta Syndicate Management has appointed Sarah Warren as unit head, energy. Based in London, Warren will report to Heath Callan,…
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HDI Global launches branch office in Portugal
German industrial insurer HDI Global said it will open a new branch office in Portugal as part of growth plans…
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Lloyd’s insurers targeted in latest climate protests
Environmental protestors took their campaign to the offices of several Lloyd’s and London market insurers yesterday, calling on them to…
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Supporting Europe’s energy transition
The European market has seen significant investment in energy transition in the last few years, brought about predominantly by initiatives…
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Miller forms long-term partnership to service energy clients in Thailand
Miller has formed a new long-term partnership agreement with Central Insurance Services to service energy clients based in Thailand. Miller…
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European insurers covering nearly a third of US coal mines
Although AIG remains the biggest carrier, European insurers, including Lloyd’s, Zurich and Swiss Re, are underwriting nearly a third of…
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McGill launches offshore wind cat models to boost capacity in high-risk areas
Specialist broker McGill and Partners said a new collaboration with Renew Risks to develop catastrophe models for offshore wind will…
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Ariel Re’s clean energy division relaunched as Ariel Green
Global (re)insurer Ariel Re has relaunched its clean energy division as Ariel Green. The reinsurer said the move “recognised the…
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Continued rate hikes forecast for energy buyers: Amwins
US energy insurance buyers can expect continued rate increases and underwriting scrutiny as higher losses continue to hit the market…
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Allianz Commercial tracks rise in emerging risks from offshore wind
Developers and insurers of offshore wind projects face an increasing number of emerging risks as the sector braces for a…
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Marine hull faces challenges over inflation, alternative fuels and ‘dark fleet’
Despite growth in premiums, inflation is likely to have a significant effect on marine hull insurance going forward, according to…
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Reversal in fortune for global marine insurance market as premium grows
The global marine insurance market has seen a reversal in fortunes according to the International Union of Marine Insurance (IUMI),…
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Tokio Marine partners with analytics firm on renewables insurance in Brazil
Specialty insurer Tokio Marine has partnered with Clir Renewables, a global market intelligence platform for wind and solar, to provide…
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Insurers start to rule out cover for new UK coal mine
Four insurers have confirmed they will not insure the UK’s new coal mine in West Cumbria, according to campaign group…