Energy
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Gallagher highlights softening energy insurance market
The upstream energy insurance market is experiencing a softening trend, with improving terms on property insurance renewals in most subsectors…
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HDI Global creates new energy unit to support energy transition
HDI Global has formed a new overarching energy unit to support the energy transition. It said clients and broker partners…
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Gallagher opens specialty business in Bermuda
Gallagher has launched a new specialty business in Bermuda offering clients insurance and risk management expertise across financial lines, construction,…
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Europe’s solar farms heavily underinsured against hailstorms
Europe’s solar farms are finding it difficult to insure the full value of panels from hailstorm damage, which is slowing…
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Thomas Miller launches energy and marine MGA Navata
A new standalone MGA business, focusing on energy and marine, has been launched by Thomas Miller. The new MGA, Navata,…
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Markel appoints marine & energy liability lead for international
Grant Smith has been appointed director, marine & energy liability, international specialty at Markel. In his new role, Smith will…
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Green exposures steer energy companies to captives
Concerns over climate change are driving more companies to embrace green technology, but the move is changing the nature of…
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New insurance cover for CO2 transportation and storage from Marsh
A new insurance solution specifically designed for the transportation and storage of carbon dioxide (CO2) has been launched by Marsh.…
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Hurdles remain for energy transition covers
The insurance industry is working to deliver for customers when it comes to the energy transition, but a number of…
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Sedgwick unveils claims service for Asian energy market
Claims management service provider Sedgwick has launched a suite of services designed to cater for energy companies in the Asia-Pacific…
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Surge in clean energy and carbon capture patents from insurance industry
There has been a significant surge in patents related to clean energy insurance and carbon capture, according to GlobalData, reflecting…
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Berkshire Hathaway Specialty launches in Nordics
Berkshire Hathaway Specialty Insurance (BHSI) is launching in the Nordics with a new office in Stockholm and a team from…
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Belgium to ban cheap fuel exports to West Africa
The Belgian government has adopted new quality-control measures that will suspend the sales of low-cost and low-quality fuel shipments to…
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Zurich and Aon launch new clean hydrogen insurance facility
A new clean energy insurance facility providing comprehensive coverage globally for blue and green hydrogen projects with capital expenditures of…
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London’s marine cyber clause ‘robust’ in first months of rollout, say market representatives
The London market’s new cyber clause for marine and upstream energy lines has been “robust” and “clearer for all sides”…
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Global energy transition loses momentum amid rising volatility: WEF
A new World Economic Forum report has warned that the global energy transition has lost momentum in the face of…
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Insurers urged to step up from capacity providers to enablers of energy transition, finds Axis poll
Insurers have a critical opportunity to shift from being viewed as capacity providers to becoming proactive partners and enablers of…
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Activists call on Lloyd’s CEO to be climate hero rather than villain
A group of climate protestors have delivered a huge Father’s Day card and gift to Lloyd’s of London CEO John…
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Aon reveals $350m war risk package for Ukraine
Aon has unveiled a $350m insurance programme to boost capacity for war risks in Ukraine, which the broker said will…
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EU Council approves methane emission rules for energy sector
Europe’s energy operators will have to measure and monitor methane emissions under new rules adopted by the Council of the…