Energy
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Berkley forms new excess specialty business
W.R. Berkley has formed Berkley Specialty Excess to offer excess liability coverages in specialised markets, with an initial focus on…
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UN backs NZIA collaboration but 11 members have now quit
The UN said “there is a fundamental and urgent need for collaboration” in the insurance and reinsurance industry to tackle…
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Allianz, Scor and chair AXA exit NZIA
Three more European insurers, AXA, Allianz and Scor, left the Net Zero Insurance Alliance (NZIA) yesterday after weeks of speculation…
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Spanish risk managers welcome positive aspects of ESG
Spanish risk managers say that they are getting increasingly involved with the adoption of ESG principles by their companies, and…
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Swiss Re latest to quit Net-Zero Insurance Alliance
Swiss Re is the latest high-profile member to leave the UN’s Net-Zero Insurance Alliance (NZIA) in the face of growing…
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MS Amlin adds Hassan to claims team in bid to boost service
MS Amlin has appointed Erman Hassan as head of natural resources claims as part of plans to boost its claims…
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Global law report highlights increased ESG scrutiny for insurers
The increased scrutiny of ESG strategies in many jurisdictions is impacting directors’, officers’ and financial institutions’ coverage, as well as…
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Tokio Marine HCC Intl restructures London Market marine, energy and renewables
Tokio Marine HCC International (TMHCCI) has restructured its London Market marine, energy and renewables businesses, bringing these lines of business…
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Berkshire Hathaway Specialty promotes two underwriting execs
Berkshire Hathaway Specialty Insurance (BHSI) has promoted Hilary Browne to the role of deputy global chief underwriting officer, and Cameron…
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New heads of onshore and offshore energy at Arch Insurance International
Arch Insurance International has promoted Hannah Hutton to head of onshore energy, and Michael Poulteney to head of offshore energy,…
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Cautious optimism for North American insurance buyers, says WTW
There are signs of cautious optimism in the North American insurance market and while the economic outlook for 2023 remains…
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Talanx sets out new net-zero commitments
The Talanx Group is to introduce additional restrictions on insurance for new oil and gas projects with effect from 1 July 2023,…
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Munich Re Specialty Group launches ‘Green Solutions’
Munich Re Specialty Group has launched Green Solutions, a portfolio of insurance products and services aimed at the renewables market.…
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NZIA withdrawals complicate net-zero underwriting decisions, says Marsh exec
Risk managers need to be aware how their organisations’ impact on the environment and net-zero transition plans are viewed by…
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Energy transition dominates businesses’ short-term concerns
Short-term concerns about the energy transition are deflecting the focus away from climate change, according to a new report on…
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Howden launches marine and energy business in Norway
Howden has launched a marine and energy businesses in Norway that will be headed by WTW’s Frode Lund. Lund, who…
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Allianz says Nord Stream cover won’t be renewed on expiry
Allianz has issued a statement clarifying that it does not intend to renew a two-year policy for the Nord Stream…
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Insurance price increases continue in volatile energy sector
The global energy sector is still facing volatility that is fuelling continued insurance price rises across the sector, according to WTW. …
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Specialist energy underwriter Horace Agency enters market
Insurance investment firm Beat Capital Partners has launched Horace Agency Limited, a specialist energy underwriter led by CEO Chris Charlton.…
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European industry given renewable energy targets under RED III
The EC has welcomed a provisional agreement reached between the European Parliament and the Council to reinforce the EU Renewable…