Energy
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Swerma hands out graduate awards
A research paper on electricity disruption to critical infrastructure has been recognised by the Swedish risk management association (Swerma) The…
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Swedish navy issues Russia shadow fleet warning
The chief of Sweden’s navy, Ewa Skoog Haslum, has warned of the threat posed by unregistered and uninsured Russian ships.…
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Mining firms propose $25bn to settle Brazil dam collapse case
Brazilian mining company Vale has confirmed a proposed settlement of R$127bn ($25bn) for the 2015 failure of the Fundão Dam…
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New Africa-focused syndicate launched at Lloyd’s
A new syndicate at Lloyd’s focused on underwriting business across Africa has been launched by Africa Specialty Risks (ASR). It…
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CFC forms team focused on M&A deals in renewable energy market
A dedicated team focused on underwriting representations and warranties insurance in the renewable energy market has been established by specialist…
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Insurers defend Nord Stream’s €400m lawsuit as act of war
Insurers for the Nord Stream gas pipeline damaged by blasts in 2022 have denied coverage in defence of a lawsuit…
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Two-paced upstream energy market falls in favour of buyers
The upstream energy insurance market “could well be at the beginning of a new market softening spiral” as tier 1…
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Energy insurer Paratus launches brokerage division
UK-based energy insurer Paratus has established a brokerage division to focus on energy price risk insurance products in the maritime,…
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Market softening could move towards further rate cuts for downstream energy buyers
WTW says there is “light at the end of the tunnel” for downstream energy insurance buyers after a “tumultuous” couple…
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European Parliament adopts framework for carbon removals
As the EU council attempts to placate business concerns about the pace of the energy transition while keeping progress roughly…
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Zurich to announce exit from fossil fuel underwriting
Zurich Insurance is expected to shortly announce its decision to cease underwriting new oil, gas and metallurgical coal projects, in…
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Miller makes four appointments from WTW to onshore energy team
Adam Barber-Murray has been appointed to lead Miller’s onshore energy practice. In his new role as Miller’s head of onshore,…
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Mining giants sued in fresh £3bn lawsuit in the Netherlands over dam collapse
Victims of the 2015 Mariana dam collapse in Brazil are suing Vale and Samarco’s Dutch subsidiary for £3bn in a…
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Firms urged to adapt approach to lithium-ion battery fire risks
QBE Europe is urging companies to put in place appropriate risk management and fire safety controls to tackle lithium-ion battery…
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Nord Stream sues pipeline insurers for $403m over 2022 explosion
The operator of the Nord Stream gas pipeline is suing its insurers for more than €403m in the UK’s High…
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Price Forbes appoints energy leader and head of renewables
London-based broker Price Forbes has appointed Dan Nicholls to its energy leadership team, and Ray Spreadbury as head of renewables.…
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Insurers ready to support battery energy storage systems despite risks
Underwriters remain optimistic about the potential of the global battery energy storage systems (BESS) market provided key risks are managed,…
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London seeing increased casualty capacity and stabilising markets
Casualty lines in the London market are seeing increased capacity and rates are stabilising, according to Miller’s London and International…
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New head of power generation at Tokio Marine HCC International
Nicola Hannay has been appointed as head of power generation in the London-based energy practice of Tokio Marine HCC International…
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Insurers must adapt to energy transition or disappear, warns risk manager
The insurance industry runs the risk of disappearing if it does not adapt to climate change and the ESG agenda,…