Energy
-
Nuclear insurance on the rise but complexities remain
The nuclear energy market could be an area of increased interest for insurers, given the number of nuclear reactors being…
-
Risk managers must help avert energy shortages in Europe, says Zurich report
European businesses must quickly identify their vulnerability to energy shortages this winter if they want to minimise disruption to operations…
-
European business calls for new EU-wide measures to cope with energy crisis
As heads of state from across the EU meet in Prague today to hold urgent discussions about the energy crisis…
-
Munich Re announces exit from oil and gas fields
German reinsurance giant Munich Re has announced that from April it will cease underwriting or investing in new oil and…
-
Insurers warned that underwriting Ichthys LNG expansion project could breach net-zero commitments
Climate campaign group Reclaim Finance claims ten former insurers of the first phase of Ichthys liquefied natural gas (LNG) project…
-
Ardonagh accelerates European growth plan
Fast-growing UK-based broking firm Ardonagh has announced the acquisition of Lloyd’s broker Oxford Insurance Group only days after it completed…
-
EC approves €2bn state-backed Italian trade credit scheme to cope with war impact
The European Commission (EC) has approved, under the bloc’s state aid rules, a €2bn Italian scheme for the reinsurance of…
-
Brussels-based nuclear mutual assigned stable outlook amid energy crisis
AM Best has affirmed the European Mutual Association for Nuclear Insurance’s (Emani) financial strength rating of A (Excellent) and its…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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 &…
-
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…
-
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”…
-
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…