Energy
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Lloyd’s launches climate action plan as protest made over its approach to fossil fuels
Lloyd’s has launched a climate action plan to accelerate the transition to a net-zero carbon economy, the day after a…
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Chubb units seek to dismiss $32.6m US jury verdict in coal case
Chubb units are asking a US court in Charleston, West Virginia to grant its summary judgment motion following a $32.6m…
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Climate change and ESG risk become Zurich’s ‘North Star’
The insurance industry and its customers are on a sustainability and ESG journey as the world looks to tackle huge…
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Global insurance industry and UK’s Prince of Wales launch climate change taskforce
The UK’s Prince of Wales has launched a new partnership with the global insurance industry to help drive action to…
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GVNW to focus on risk management and sustainability with photovoltaic energy
The German association of risk and insurance managers, the GVNW, will host a virtual event on photovoltaic systems on 8…
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EBRD and Euler Hermes support investments in green bonds
The European Bank for Reconstruction and Development (EBRD) and Allianz Group’s trade credit insurer Euler Hermes SA/NV have signed a…
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Wind: Mitigating the environmental impact
While the climate case for renewables is undeniable and the economic case is becoming increasingly compelling, clean energy does present…
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Vienna Insurance Group acts on its sustainability commitment
Austrian insurer Vienna Insurance Group (VIG) has updated its underwriting policy for coal power plants, stating: “If no credible exit…
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Insurers stepping up game in promotion of sustainability, finds Anra Congress
The insurance sector can play a key role in promoting sustainable development of businesses and society as a whole, agreed…
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Howden urges insurers to up game on intangible risk
Howden has called on the insurance industry to seriously rethink how it can help corporates transfer mounting intangible risks, which…
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‘Two-tier’ energy market remains tough for many buyers
Energy insurance buyers must navigate a two-speed market, with higher rate increases for less favourable business, while those that suffered…
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Thomas Miller appoints consultant for European growth
Marine and offshore specialty MGA Thomas Miller Specialty has recruited Sven-Erik Braun as a consultant to build the group’s European…
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Gallagher buys Parisco to boost marine and energy offering in the Nordics
Gallagher has bought Oslo-based marine and energy broker Parisco for an undisclosed fee. Parisco is a Norwegian marine and energy…
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Lloyd’s should cease cover for Bahamas oil drilling project, says campaign group
A climate action campaign group has called on Lloyd’s to stop insuring a new project by the Bahamas Petroleum Company,…
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Swiss Re pledges to cease global coal treaty business by 2040
Swiss Re will begin tightening its treaty (re)insurance underwriting policy for thermal coal risks from 2023 and exit all exposures…
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Aon strengthens global renewables network with offshore wind appointments
Aon has boosted its global renewables network by appointing Marsh’s Ray Spreadbury as executive director and Sarah Burston, who is…
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AXA XL appoints StarStone’s Bishop to UK downstream energy and power team
AXA XL Insurance has named StarStone’s Mathew Bishop as senior underwriter for downstream and power in the UK and Lloyd’s…
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SiriusPoint launches into harsh market with $3bn of fresh capital
European risk and insurance managers will welcome news of the formal launch of SiriusPoint, a new Bermuda-based international specialty insurance…
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Chubb centralises new energy team for large corporates in London
Chubb has formed a new energy team within Chubb Global Markets (CGM) to centralise underwriting for its large corporate clients…
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Convex raises further $500m in capital to reach $3.2bn
Convex Group, which was set up by insurance industry veteran Stephen Catlin, has secured $500m of capital from investment firm…