Energy
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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 &…
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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…
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BMS recruits two brokers in Bermuda
Broker BMS Group has boosted its Bermuda business with the appointment of George Bowring from Price Forbes and Kian Wookey…
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Liberty Specialty Markets integrates Ironshore Bermuda operations under new brand
Liberty Mutual is integrating its Ironshore Bermuda businesses into a single brand and unit called Liberty Specialty Markets Bermuda, in…
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Insurance is not a cure-all for poor risk selection
Global mining conglomerates and their insurance and reinsurance partners will have to improve their risk management outcomes to ensure the…
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RSA exits London market specialty lines and cuts back international offering
RSA Group is exiting three lines of specialty business and scaling back its London market premiums by one third. Following…
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Marsh announces plans for new Marsh-JLT Specialty unit
Marsh has announced it will create a new specialty unit following the acquisition of JLT. Marsh-JLT Specialty will combine the…
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North American liability rates to harden further in surprise turn of market: Willis
Insurance buyers in North America will pay higher commercial insurance rates next year with some lines reaching double-digit increases, according…
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Lloyd’s syndicates exit as market gets tough on loss-making operations
Several Lloyd’s syndicates are starting to crumble as the market steps up pressure on loss-making operations...
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Nuclear cover debate hots up as India continues power expansion plan
Pressure is mounting on the Indian Government to expand the insurance cover available for nuclear power risks, as the country…
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Marsh & McLennan Companies’ $5.6bn JLT acquisition all about growth, says Glaser
Marsh & McLennan Companies’ (MMC) planned acquisition of JLT for $5.6bn is all about delivering growth, said the buyer’s CEO…
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China Re to acquire Chaucer Group for $950m
China Reinsurance is set to spend close to a billion dollars acquiring specialty insurer Chaucer from Hanover Insurance. The deal,…
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Geopolitical tensions impacting mining supply chains
Geopolitical tensions impacting on supply chains are increasing volatility in the mining sector, as the industry faces a fairly bleak…
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Hartford to buy Navigators for $2.1bn to extend global reach and specialty expertise
US insurer Hartford is set to buy rival Navigator for $2.1bn...
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Uganda signs up to renewable energy deal with ATI
Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint…
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Swiss Re Corporate Solutions opens Hamburg office
Swiss Re Corporate Solutions has opened an office in Hamburg to drive commercial insurance growth in Germany...
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Chubb Overseas General appoints global energy senior executive
Matthew Hardy has been appointed as executive vice-president, global energy, Chubb Overseas General. He will report to Timothy O'Donnell, the…
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Chubb appoints two energy industry practice leaders
Chubb has appointed two new practice leaders to head up its energy team with Barton Porter overseeing large firms and…
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AGCS and Nephilia extend weather risk hedges to solar market
Nephila Climate, the weather and ESG-driven specialty division of Bermuda-based Nephila Holdings, together with Allianz Global Corporate & Specialty’s (AGCS’s)…
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Energy market on the edge
Energy insurance buyers have been spared large price hikes following last year’s hurricanes, but questions remain about the sustainability of…