Energy
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Corporate Round Up
Torus expands again with Starr renewal deal, AXA top management changes and Swiss Re’s economic forecast for insurers
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Energy market still favourable but change may be on the way says Marsh
Whilst excess capacity and continuing competition among insurers mean that buying conditions remain favourable for many energy firms in the…
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German insurers open their books for offshore wind farms
In good news for German companies running wind farms in the open sea, German insurers can now supply more of…
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Risk management crucial in securing infrastructure funding says Glaser
With current macro economic and social conditions restricting investor and lender appetite for infrastructure projects, Dan Glaser, Group President and…
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Initial EU infrastructure budget up by €42bn and PPP’s to be encouraged
In a move that will interest risk managers at construction companies the European Union’s initial budget proposals for infrastructure projects…
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Increased focus needed on solar energy risk says IMIA
Risks faced by solar energy installations are on the rise as they attract the attention of organised gangs looking to…
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WWF: Total reliance on renewable energy possible in 40 years
With the nuclear power industry facing an uncertain future worldwide following the Japanese earthquake, a report from the WWF says…
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Rates up for some but energy market still attractive for buyers says Marsh
Despite increased difficulties for certain primary energy insurance buyers following the recent spate of natural disasters the majority of insureds…
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Soft energy market broken but now in limbo—Willis
Energy insurance rates have stopped falling as a result of losses in early 2011, but with an abundance of capacity…
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French nuclear industry under pressure following Japanese disaster
The nuclear crisis in Japan has fuelled pressures in France over the security of the country's extensive network of nuclear…
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Fukushima problems will slow nuclear renaissance, JLT
Whilst the Fukushima nuclear incident should not create a reduction in insurance capacity and it remains too early to know…
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Stricken Fukushima power plant insurance cover minimal, sources say
As radiation from the endangered Fukushima nuclear power plant continues to rise and the exclusion zone around the plant expands,…
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EC identifies key energy corridors to secure supply and increase competition
The European Commission has this week proposed European Union (EU) priority corridors for power grids and gas pipelines that require…
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Algerian ruling sparks renewed Spanish energy security fears
A controversy over the price of gas imported from Algeria has revived fears in Spain about the security of energy…
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New security challenge for gas market risk managers
Risk managers with Europe’s gas companies face a further significant addition to their workloads following the move by the European…
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Gulf hurricanes threaten to escalate oil loss
The Deepwater Horizon oil rig, which sank approximately 41 miles off the coast of Louisiana in the Gulf of Mexico,…
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Brokers confirm oil pollution capacity to shrink following disaster
Brokers have told a group of U.S. Senators that oil pollution capacity is likely to fall by about 15% following…
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EU gathers oil industry for assurance on safety
EU Energy Commissioner Günther Oettinger called a meeting of oil and gas production industry executives that operate in Europe and…
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Energy rates head north as lawyers prepare for post loss bonanza
Energy market insurers have reacted swiftly to the Deepwater Horizon oil rig loss in the Gulf of Mexico and buyers…
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Energy risk an increasing concern to business
Energy risks are of increasing concern to business and are now rated as big a risk as health and safety,…
