Energy
-
Downstream energy insurance buyers faced ‘bruising’ Q2 rate hikes in two-paced market
Downstream energy buyers have been hit by “bruising” rate increases in the second quarter of this year, but those accessing…
-
NZ government to demand big hike in cover bought by oil and gas operators
Offshore oil and gas companies that operate off the shores of New Zealand will be required to hold higher levels…
-
Insurance costs to rise as two more tankers hit in Gulf of Oman
Two further torpedo attacks on oil tankers in the Gulf of Oman that left one vessel ablaze and both adrift…
-
Gently down the stream: How international insurance programmes can help manage large and evolving energy risks
From natural catastrophe to cyber, the downstream energy sector grapples with some large and evolving risks. Todd Wilhelm, regional product…
-
SCOR extends coal underwriting ban
SCOR has extended its underwriting ban on the energy industry and will no longer insure or reinsure new coal-fired power…
-
Capacity shrinks in ‘bleak’ downstream market: Willis
Downstream energy buyers face tightening insurer capacity for the first time since the 2001 Twin Towers attack in New York,…
-
Energy buyers face divergent rating trends as Lloyd’s review ripples through sector: Marsh
Insurance buyers in the energy sector face divergent rating trends for upstream and downstream risks with those accessing the latter…
-
Marsh execs seek to allay risk manager concerns over JLT deal
Marsh executives have sought to allay risk manager concerns that the JLT acquisition will lead to a lack of focus,…
-
Lloyd’s posts £1bn loss but rates up 3.2%
Lloyd’s made a loss of £1bn and delivered a combined ratio of 104.5% in 2018, on the back of another…
-
New deal on reinsurance for Equatorial Guinea energy market
Alesco Risk Management Services (Alesco), a specialist insurance and risk management broker, has been appointed to arrange a reinsurance facility…
-
Willis taps Marsh for key appointments
Willis Towers Watson has tapped Marsh for its new head of marine broking, and power and utilities CEEMA region leader.…
-
China Re brings Chinese renewable energy risks to London
China Re, now the biggest reinsurance group in Asia and eighth globally by premium income, has announced the launch of…
-
Munich Re launches battery cover to help decarbonisation
Munich Re said its new product for insuring battery performance is a “key piece of the puzzle” to decarbonise the…
-
Oil and gas sector lagging on ERM, cyber and business continuity: IRM survey
The oil and gas sector has work to do to improve its risk management maturity, particularly around cyber, business continuity…
-
BGC completes Ed Broking buy
Broker BGC has completed the acquisition of Lloyd’s broker Ed Broking Group, which will now become part of BGC’s insurance…
-
Power companies face climate change insurance backlash
Traditional power and energy companies face significant disruption to their business in 2019, with risks ranging from withdrawal of insurance…
-
HDI Global and Hannover Re joint specialty business launches with €1bn of premium
Newly created HDI Global Specialty has formally opened for business after merging the specialty lines of Talanx-owned HDI Global and…
-
Downstream energy market seeking 20% rate increases: JLT
Downstream energy insurance market customers will find insurers seeking rate increases of up to 20% across their book in 2019,…
-
UK and Ireland leaders named for Marsh JLT Specialty
Marsh has named key UK leaders of its future Marsh JLT Specialty business, which will be formed when Marsh &…
-
Marsh assigns regional, specialty and placement teams ahead of JLT acquisition
Marsh has finalised more executive appointments ahead of its JLT acquisition, with the latest round of announcements covering regional, specialty…