Energy
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Cyber remains top spot in Travelers’ risk index
Cyber risk is once again the biggest concern for US businesses polled for Travelers’ latest annual risk index, with economic…
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Gallagher appoints CEO of energy practice
Julian Raven has been promoted to the role of CEO of Gallagher’s specialty energy practice. He is replacing Jonathan Smith…
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AXA XL names new product lead for energy and construction in APAC and Europe
AXA XL Insurance has appointed Olivier Croese as product leader for energy and construction in APAC and Europe. Croese joined…
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German market facing a perfect storm of risks: HDI Global
Cyber risks remain high up the agenda of German risk managers, as a result of the rise in cyberattacks following…
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Fidelis will ‘walk away’ from fossil fuel risks as it extends underwriting bans
Fidelis Insurance will stop underwriting tar sand extraction and Arctic oil and gas exploration, following a ban on insurance for…
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Prominent role for MGAs in specialist covers as premium grows
Delegated underwriting authority enterprises (DUAEs) such as managing general agents (MGAs) are playing a more prominent role, partnering with insurers…
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Broker suggests the return of capacity and flat renewal rates
What are the critical issues facing risk and insurance managers in Sweden? For the last six months, Russia’s attack on…
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Sweden announces emergency funding for electricity producers
Electricity producers in Sweden are set to be given billions in government support in response to Europe’s energy crisis. The…
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New regional head of energy and construction in North America for AGCS
Darren Tasker has been appointed as the new regional head of energy and construction, North America, Allianz Global Corporate &…
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WTW calls for recalculation of power risks as values soar
Insurance buyers from the power sector can expect rate increases of between 2.5% and 20% for third-quarter renewals as insurers…
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Energy crisis questions drive to ban fossil fuel cover
The increasingly intense pressure placed on insurers and reinsurers to back away from covering fossil fuels is causing an “unacceptable”…
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German business unhappy with latest relief package to combat inflation and energy crisis
The Federation of German Industries (BDI) has warned that there are “serious deficiencies” in the latest package of measures announced…
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German firms face unprecedented and ‘existential’ uncertainty, finds BDI survey
A flash survey carried out among 600 medium-sized German companies by the Confederation of German industry (BDI) finds that they…
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Systemic risks and supply chain top agenda for GVNW members
German risk and insurance managers are facing up to the same big systemic, macroeconomic and financial risks as their peers…
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Standard Club warns offshore renewable risks not covered by P&I pool
The Standard Club has warned ship operators entering the fast-growing offshore renewable energy sector that they may be exposed to…
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Germany’s Talanx reportedly latest European carrier to exclude east African pipeline
German insurance group Talanx, parent of HDI Global and Hannover Re, is the latest leading German and European carrier to…
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Marsh, AIG and Liberty collaborate on hydrogen energy cover to support sector growth
Broker Marsh has launched the world’s first insurance and reinsurance capacity for hydrogen energy risks, alongside insurers Liberty Specialty Markets…
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Parametric market to grow as corporates seek emerging risk solutions
The market for parametric insurance is set to grow as corporates look for solutions to emerging and non-traditional risks like…
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EU better prepared for Russian gas loss but firms in vulnerable sectors need to prepare for rationing
Members of the EU are far better placed to cope with a potential decision by Russia to cut off its…
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Energy security risks creating new global divide over climate action, warns Verisk Maplecroft
Energy security risks are opening up a new global divide between the north and south, according to new research from…
