Energy
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May 5, 2022
Insurers to be told to stop covering Russian oil exports in effort to sink Putin
As European Commission (EC) President Ursula von der Leyen announced the sixth package of sanctions on Russia, including a complete…
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May 5, 2022
Chaucer report finds bigger-than-expected climate change threat to shipping and offshore energy
Extreme weather driven by climate change poses a greater-than-expected threat to the offshore energy and shipping sectors, according to Chaucer,…
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May 4, 2022
Allianz fleshes out details on new oil and gas underwriting restrictions
Allianz has given Commercial Risk further details on its move to significantly cut back oil and gas underwriting and investment activities,…
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May 3, 2022
Arch pulls Trans Mountain cover as pressure mounts on Lloyd’s syndicates
Lloyd’s of London syndicate Arch said it is pulling cover for the controversial Canadian Trans Mountain tar sands pipeline after…
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April 28, 2022
Climate groups criticise Munich Re’s oil and gas policy as AGM urged to vote down board
Climate campaign groups have lobbied Munich Re shareholders to reject the actions of the reinsurer’s board of management at its…
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April 27, 2022
Mapfre joins Net Zero Insurance Alliance
Mapfre has joined the Net Zero Insurance Alliance (NZIA) group of 21 international carriers that are members of the UNEP-FI…
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April 27, 2022
Norway wealth fund to push net-zero targets for its portfolio companies
The world’s largest sovereign wealth fund plans to push the companies it invests in to adopt net-zero targets for their…
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April 21, 2022
Aspen says it will not renew Trans Mountain cover
Lloyd’s insurer Aspen has told a climate action group that it will not renew insurance for Trans Mountain’s existing tar…
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April 19, 2022
Russia-Ukraine conflict could become largest insured loss in history, warns PCS
Claims from the conflict in Ukraine could become the largest insured loss on record, according to Property Claims Services (PCS).…
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April 12, 2022
Lloyd’s closes HQ after climate change protest
Lloyd’s has reportedly closed its building after campaign group Extinction Rebellion blocked its entrance in a protest over the market’s…
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April 11, 2022
EC launches platform to deliver energy security
The EC has launched a platform to enable the common purchase of gas, LNG and hydrogen for member states, which…
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April 11, 2022
Allianz the latest carrier to rule out east Africa pipeline
Allianz has become the seventh insurer to publicly state that it will not insure the huge East African Crude Oil…
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April 8, 2022
Marsh Germany appoints Radoncic to lead new specialty arm
Marsh has announced the appointments of Mirela Radoncic as chief specialty officer and Jens-Daniel Florian-Jansen as chief market officer for…
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April 8, 2022
Risk managers advised to check for underinsurance as oil prices surge
Risk and insurance managers need to take a look at their policies and ensure that they still have full-value coverage…
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April 8, 2022
UK firms most worried about energy prices and supply chain risk
The UK’s Office for National Statistics (ONS) has released an analysis of leading business concerns that finds supply chain problems,…
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April 8, 2022
German chemical industry has ‘backs to the wall’ as energy risk escalates
The German government has presented a significant package of reforms designed to boost the production of renewable power, as part…
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April 6, 2022
Munich Re confirms no cover for huge east African oil project
Munich Re today publicly confirmed that it has rejected the East African Crude Oil Pipeline (EACOP), as pressure from the…
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April 6, 2022
Energy transition risk driven upwards by Russia-Ukraine conflict as rate increases ease for buyers: WTW
The Russia-Ukraine conflict will accelerate the drive for alternative energy sources to oil and gas, according to WTW, which in…
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April 6, 2022
Gazprom Germania nationalised to tackle gas supply risk
The German government has reportedly transferred ownership of the German subsidiary of Russian gas giant Gazprom to the Federal Network…
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April 5, 2022
Climate activists target Zurich Insurance ahead of AGM
Environmental group Campax has mounted a campaign against Zurich Insurance’s climate policy ahead of its annual general meeting (AGM) tomorrow.…