Energy
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Dutch pension fund divests €15bn of fossil fuel holdings
One of the world’s largest pension funds is set to dump its multibillion-euro holdings in fossil fuel-linked companies, in frustration…
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Economic recovery will depend on the energy crisis says risk manager
One of the most tangible risks for the European economy right now is the surge in energy costs. The issue…
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AXA extends oil and gas restrictions but criticised for not going far enough
AXA has distanced itself from oil and gas with new underwriting and investment restrictions, but campaigners say the commitments do…
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DNV and Nordic national grid operators issue cybersecurity guidelines
The national transmission operators for Finland, Norway and Sweden have partnered with Norwegian risk management provider DNV to issue new…
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Activists create oil spill in Lime St over Lloyd’s’ approach to fossil fuels
Climate activists have struck at Lloyd’s again, this time as part of the Defund Climate Chaos action day taking place…
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Gallagher appoints specialty energy team partner
Gallagher has appointed William Peilow as a partner in its specialty energy team. He will join in January 2022 and…
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Lloyd’s joins insurance alliance as it commits to net-zero underwriting
Lloyd’s has joined the Net-Zero Insurance Alliance (NZIA) and committed to transition its underwriting portfolio to net-zero greenhouse gas emissions…
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Wind power: Mitigating the environmental risks
While the climate case for renewables is undeniable and the economic case is becoming increasingly compelling, renewable energy does present…
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Campaigners urge AXA to stop covering oil and gas
Climate campaigners are calling for AXA to immediately stop insuring new oil and gas projects, and criticised the insurer for…
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Scor latest to back WTW’s carbon transition solution
Scor has become the second major backer of Willis Towers Watson’s (WTW) Climate Transition Pathway (CTP) solution, which aims to…
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UK nuclear pool capacity rises to €1.2bn to meet Paris Convention liability limits
The UK’s nuclear risk pool has increased capacity to €1.2bn to comply with new requirements for the nuclear industry to…
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Insuring electric vehicles
What is behind the surge in electric vehicle (EV) production? Thomas Egli: Ultimately, it comes down to climate change and the…
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Industrial property, energy and space insurance well positioned in hard market, says Helvetia
The current hard market and changing risk landscape are likely to be good for business for certain specialty lines, according…
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Big two reinsurers refuse to back Australian coal mutual
Munich Re and Swiss Re have ruled out supporting a mutual fund for the Australian coal industry that is struggling…
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Tokio Marine updates climate strategy with further step away from coal
Japanese insurance giant Tokio Marine Holdings has revised its 2020 climate strategy and added thermal coal, which is burned to…
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Howden appoints Swiss Re’s Cochrane as head of energy transformation
Howden has appointed Stanley Cochrane as head of energy transformation from Swiss Re, to help clients navigate the changing risk…
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Zurich to roll out new renewable energy products in 2022 and cut air travel by 70%
Zurich is expanding its products and services, including for renewable energy, to help customers transition to net zero, as part…
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Indemnity Legal boosts policyholder team with Curran hire and new office
Boutique law firm Indemnity legal has hired policyholder insurance litigation specialist John Curran as partner from Fenchurch Law and is…
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Insurers will profit by walking away from $17bn oil and gas premium
A leading insurance equity analyst at SocGen in London has told insurers and reinsurers that it would be in their…
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Global energy sector rate increases plateauing, says Gallagher report
Rate increases in the global energy sector are beginning to plateau, according to a Global Energy Insurance Market Update from…
