Energy
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RKH Specialty signals Asia push with new CEO appointment
International broking group RKH Specialty has appointed Stuart Beatty as its new chief executive for Asia-Pacific, a position he previously…
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Rate rises ‘disappoint’ energy insurers: Willis Towers Watson
The tough stance taken by energy underwriters on terms and rates in the immediate aftermath of the three large Gulf…
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Berkshire Hathaway opens Perth office for specialty insurance
Commercial insurer Berkshire Hathaway Specialty Insurance (BHSI) has expanded its Australian presence with an office opening in Perth, Western Australia.…
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Aegis bucks 2017 loss trend
Lloyd’s insurer Aegis London has squeezed a small but significant profit out of 2017, in a year that saw catastrophes…
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Long-tenor political risk insurance kickstarts $1.4bn clean energy investment in Africa
An insurance initiative has been launched to provide $1.4bn in additional clean energy investment across Africa. Munich Re, the African…
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XL Catlin appoints EMEA head of energy
XL Catlin has appointed Nicola Harris as head of energy for the EMEA region. From her base in Dubai, Ms…
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BI risks rise for energy sector as supply chains intertwine, warns Marsh
Global energy firms face growing business interruption (BI) risks during the next ten years following changes to business practices, including…
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Verisk rolls out EPIX platform to help deliver better energy risk transfer options
Verisk has launched a new platform to help insurers better manage complex energy exposures, with a tool for mapping the…
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Oil price unlikely to be affected by geopolitical risk in 2018, predicts Maplecroft
Oil prices are unlikely to be impacted by geopolitical risk in 2018, according to risk analysis firm Verisk Maplecroft. It…
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Risk managers in oil and gas sector face new threats, warns the IRM
Risk managers in the oil and gas sector face new risks as the industry meets pressure to limit costs as…
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New head for XL Catlin’s APAC energy, property and construction team
XL Catlin has appointed Todd Wilhelm as the regional product leader for its energy, property and construction division in Asia-Pacific.…
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HDI Global makes leadership changes in Australasia
Industrial lines insurer HDI Global has announced a number of executive changes in its Australasian business. The new appointments cover…
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AXA pulls insurance and investments from coal producers in climate change pledge
AXA has warned world leaders that the effects of global warming are not insurable, as it unveiled a raft of…
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Cunningham Lindsey appoints director for Brazil growth
Loss adjuster Cunningham Lindsey has appointed Andre Lopes as director in a move to boost its Brazilian operations. Mr Lopes…
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Nigerian oil giant receives 577 bids for insurance programme
The Nigerian National Petroleum Corporation (NNPC) has publicly opened 577 bids submitted by firms seeking to secure the insurance renewal…
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IUMI highlights another fall in global marine premium income amid continuing uncertainty
Global marine underwriting premiums fell by 9% in 2016 to $27.5bn, following a similar fall the previous year, according to…
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Gas development boost in west Africa
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has signed a memorandum of understanding (MoU) with the government of Burkina Faso,…
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Irma set to cost insurance industry less than initially feared and unlikely to shift market
Insured loss estimates from Hurricane Irma are lower than initially feared, with the latest placing costs at around $25bn. Experts…
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AGCS adds senior underwriter to energy team in London
Allianz Global Corporate & Specialty SE (AGCS) has strengthened its energy team, with the appointment of Anthony Vassallo as senior…
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Irma and Harvey to hit insurance industry’s earnings but unlikely to shift global market conditions, say experts
Insured US loss estimates from Hurricane Irma have fallen as the storm headed west and reduced to a category 1…