Energy
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Leading African insurer Britam latest to pull cover from EACOP pipeline
Britam Holdings, a leading east African insurance group and client of the World Bank’s International Finance Corporation (IFC), is the…
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Charles Taylor Adjusting opens Vietnam office
Charles Taylor Adjusting (CTA) has opened an office in Vietnam, in an expansion of its natural resources capability in Asia.…
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European corporate resilience will be tested by energy prices and borrowing costs: ECB
Following the sharp recovery and high profits seen during the past year, euro area corporates now face stagnating activity and…
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Protestors say Lloyd’s ‘continues to profiteer’ from ‘climate-destroying’ projects
Climate activists protested outside Shell’s headquarters in London yesterday and made fresh calls for insurers, and Lloyd’s of London players…
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New global renewable energy leader for Marsh Specialty
Michael Kolodner has been appointed as global renewable energy leader, Marsh Specialty. He succeeds Hamish Roberts who has taken on…
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Captives can be used for ESG risks but only so far…
Greater use of captives may help companies protect themselves against growing exposures around sustainability. However, risk managers should be wary…
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EC accelerates enhanced physical and cyber infrastructure plans
The European Commission (EC) this week proposed a range of measures, including enhanced cyber protection, to strengthen the resilience of…
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Zurich calls for globally agreed biodiversity metric
Zurich has revealed that its Climate Change Scorecard 2022, which measures progress towards the goal of keeping the global temperature…
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New fossil fuel underwriting ranking names insurance ‘laggards’
Lloyd’s has joined US insurers Berkshire Hathaway and Starr, and Bermuda’s Everest Re, at the bottom of Insure Our Future’s…
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BusinessEurope calls for urgent action on energy prices and supply chain disruptions
BusinessEurope, the federation that represents 40 employer and industry groups across the EU, has told the European Council that more…
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Europe’s risk managers must urge caution over inflated ESG claims
European companies are falling over themselves to promote their ESG credentials as investors, credit rating agencies, regulatory bodies and even…
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Miller appoints regional head of energy for Asia-Pacific
Matt Hooker has been appointed as regional head of energy for Asia-Pacific at Miller. He will be based in Singapore…
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More insurers and banks rule out east Africa oil pipeline project
Munich Re, Generali, Helvetia, QBE, Suncorp and Aspen have ruled out covering the East Africa Crude Oil Pipeline (EACOP), amid…
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Carbon standards should help allay buyer fears over transition insurance
A soon-to-be-launched industry standard to measure insurance-associated greenhouse gas emissions will help address the concerns of risk managers about the…
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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…
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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…
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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…
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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…
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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…
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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…