Energy
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Sustainable energy practice launched by Howden Specialty
Howden Specialty has launched a new sustainable energy practice, based largely in London. According to Howden, it has made the…
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Digitalised energy MGU launched on Whitespace platform
A new entirely digitalised energy managing general underwriter (MGU) has been launched, offering property insurance for global energy risks. The…
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AXA XL makes appointments to new regional units
AXA XL Insurance has announced new appointments for its business divisions following the recent launch of its regional operating model,…
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MS&AD the latest Japanese insurer to face criticism for ‘weak’ coal policy
Tokyo-based MS&AD is the latest Japanese insurer to be attacked for its allegedly "weak" position on insuring coal by various…
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Japanese insurers under fire for still backing coal sector
The Insure Our Future campaign – formerly Unfriend Coal – said the recent announcement by Japanese insurance giant Sompo that…
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Average rates up between 11% and 30% in Q2 as gap between supply and demand grows: Aon
Rates continue to harden across the global insurance market with average rises between 11% and 30% in the second quarter,…
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Axis, Markel and Lancashire report mixed results
Axis, Markel and Lancashirehave posted mixed second-quarter and half-year results, as they grapple with varying degrees of Covid-19 underwriting and…
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Pandemic accelerating market hardening in Europe, says Marsh
Hardening of the European insurance market is gathering pace, as the coronavirus pandemic adds to existing pressures driving price increases…
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Marsh JLT Specialty boosts renewable energy team
Marsh JLT Specialty has boosted its renewable energy team with the appointment of Joanne Silberberg as Canadian renewable energy leader…
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Covid-19 and climate to drive fundamental shift in power risks
Covid-19 and climate change will fundamentally change the risk profile of power generation companies, according to the latest power market…
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Leading insurers to stop insuring Adani coalmine after early project cover reports
AXA XL, HDI Global and Liberty Mutual will not provide future insurance to Adani Group’s controversial Carmichael coalmine in Australia,…
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Hard power market has ‘truly arrived’: Willis
The power sector faces a “truly” hard insurance market as insurers continue to demand price increases, restrict capacity and tighten…
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Energy losses spike over last two years as resilience lags risk, warns Marsh JLT
Eight of the largest energy losses on record took place in the last two years, according to a new report…
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Marsh JLT boosts renewable energy team
Marsh JLT Specialty has boosted its renewable energy team with the creation of new regional roles. Oliver Holme has been…
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Blanket management decisions stopping upstream energy from ‘re-softening’, says WTW
The energy insurance market remains two-paced, with upstream conditions likely to be “re-softening” if insurance companies were not making blanket…
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‘Savage’ upstream energy conditions threaten capacity exists, warns Marsh JLT Specialty
Marsh JLT Specialty has warned that “savage” conditions facing upstream energy firms are likely to be made worse by insurance…
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AXA XL appoints UK head of downstream and power
AXA XL Insurance has promoted Peter O’Neill to UK head of downstream and power, from his current position as underwriter.…
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Tokio Marine HCC buys renewable energy risk specialist GCube
Tokio Marine HCC is buying renewable energy risk specialist GCube in a bid to tap into the growing market. GCube…
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Swiss Re to stop underwriting carbon-intensive oil and gas firms
Swiss Re will stop (re)insuring the world’s most carbon-intensive oil and gas companies, extending its stance on coal underwriting that…
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Renewable energy insurance market has ‘truly hardened’ during last year: Willis
Pressure to improve profitability in the London and European insurance markets has been felt by renewable energy firms, with insurance…