Energy
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Everest Insurance expands into Asia with Singapore office
Everest Insurance has entered the Asian market with the opening of an office in Singapore. Everest, the insurance division of…
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Slowing rate increases in energy sector, says Gallagher
The global energy market is seeing varying rate increases depending on loss records for upstream risks and relatively low rate…
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Greenberg says rivals’ net-zero promises expose them to litigation
CEO of Chubb Evan Greenberg said his firm will continue underwriting oil and gas risks and that “vague words” from…
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Coal risks now left to ‘inexperienced’ underwriters as major players exit, says Insure Our Future
Insurance options for new and existing coal risks have reduced to “smaller, inexperienced” insurers, as the withdrawal of mainstream carriers…
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Russia says state guarantees could bypass EU’s ban on insuring oil exports
Russia thinks it can bypass the EU’s ban on insuring ships carrying Russian oil to third parties by using state…
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UK backs EU insurance ban on Russian oil exports: reports
The UK is reported to have reached an agreement with the EU to ban insurance for ships carrying Russian oil.…
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Von der Leyen maps out Europe’s risk management strategy for energy, defence and food
The European Union has stepped up its efforts to secure resilience in the face of Russia’s invasion of the Ukraine…
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Gazprom turns off the gas tap in the Netherlands
GasTerra, the Dutch gas wholesale company partially owned by the Dutch state, Royal Dutch Shell and ExxonMobil, has announced that…
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Escalating energy prices and supply chain risk to slash Italian growth, warns industrial confederation
The ongoing war in Ukraine is having a major negative impact on the Italian economy and will likely drag the…
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Sompo to pull cover for fossil fuels but accused of being too tame
Japanese insurance giant Sompo Holdings has today announced that it will no longer underwrite new and existing coal-fired power plants…
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Shipowners face higher emissions costs under General Average
Shipowners will soon face potentially significantly higher costs when forced to deviate to an EU port, because they will be…
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Market conditions improving in the Americas and Asia: Aon
Pricing has stabilised or seen increases moderate in most regions of the world, although Asia is seeing challenging conditions for…
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MS Amlin partners with insurtech to close battery-storage coverage gap
Lloyd’s insurer MS Amlin Underwriting Ltd (MS AUL) is partnering with insurtech Altelium to help companies involved in battery storage…
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Chubb shareholders reject further limitations on insuring fossil fuels
Chubb shareholders have rejected a proposal that would have limited the insurer’s ability to underwrite new fossil fuel supplies, but…
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Marsh named as broker of controversial East African oil pipeline
Marsh is set to broker cover for the controversial East African Crude Oil Pipeline (EACOP), which is expected to generate…
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SCOR announces exit from new oil field underwriting but NGOs say not enough
French reinsurance group SCOR has announced that it will cease underwriting new oil field production projects from 2023. But environmental…
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Growing capacity and increased insurer appetite in energy market, says Marsh
Capacity surplus in the upstream energy sector is driving competition among insurers, which is good news for buyers, according to…
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Saudi insurance sector saw premium growth but net loss in 2021
The Saudi insurance sector saw premium growth of 8.4% in 2021, with total gross written premiums (GWP) totalling SAR42.03bn (€10.75bn),…
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Over 100 leading European CEOs urge EU to tackle energy risk
As the Russian invasion of Ukraine enters its 12th week, more than 100 CEOs at leading European businesses including Microsoft,…
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Fidelis joins Net Zero Insurance Alliance
Fidelis Insurance has joined the Net-Zero Insurance Alliance (NZIA) and pledged to achieve net zero “well before 2050”. The Bermuda-based…
