Energy
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September 9, 2022
WTW calls for recalculation of power risks as values soar
Insurance buyers from the power sector can expect rate increases of between 2.5% and 20% for third-quarter renewals as insurers…
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September 9, 2022
Energy crisis questions drive to ban fossil fuel cover
The increasingly intense pressure placed on insurers and reinsurers to back away from covering fossil fuels is causing an “unacceptable”…
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September 9, 2022
German business unhappy with latest relief package to combat inflation and energy crisis
The Federation of German Industries (BDI) has warned that there are “serious deficiencies” in the latest package of measures announced…
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September 9, 2022
German firms face unprecedented and ‘existential’ uncertainty, finds BDI survey
A flash survey carried out among 600 medium-sized German companies by the Confederation of German industry (BDI) finds that they…
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September 8, 2022
Systemic risks and supply chain top agenda for GVNW members
German risk and insurance managers are facing up to the same big systemic, macroeconomic and financial risks as their peers…
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September 5, 2022
Standard Club warns offshore renewable risks not covered by P&I pool
The Standard Club has warned ship operators entering the fast-growing offshore renewable energy sector that they may be exposed to…
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August 25, 2022
Germany’s Talanx reportedly latest European carrier to exclude east African pipeline
German insurance group Talanx, parent of HDI Global and Hannover Re, is the latest leading German and European carrier to…
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August 22, 2022
Marsh, AIG and Liberty collaborate on hydrogen energy cover to support sector growth
Broker Marsh has launched the world’s first insurance and reinsurance capacity for hydrogen energy risks, alongside insurers Liberty Specialty Markets…
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August 22, 2022
Parametric market to grow as corporates seek emerging risk solutions
The market for parametric insurance is set to grow as corporates look for solutions to emerging and non-traditional risks like…
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August 2, 2022
EU better prepared for Russian gas loss but firms in vulnerable sectors need to prepare for rationing
Members of the EU are far better placed to cope with a potential decision by Russia to cut off its…
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July 29, 2022
Energy security risks creating new global divide over climate action, warns Verisk Maplecroft
Energy security risks are opening up a new global divide between the north and south, according to new research from…
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July 28, 2022
Risk managers must focus on supply chains in wake of Ukraine war
A new report from Lloyd’s and Aon concludes that the ability of businesses to diversify and ‘hedge’ their portfolios and…
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July 28, 2022
Capacity growing in London market but underwriters maintaining discipline, says Miller
Increased risk capital is being deployed by both existing and new underwriting businesses in the London market, according to Miller’s…
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July 21, 2022
Fitch warns European BI buyers will not be covered if Russia cuts its gas supply
Europe’s energy companies are unlikely to be able to claim for business interruption (BI) losses from their insurers if Russia…
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July 18, 2022
Analysts say European gas crunch won’t trigger mass BI cover
The European insurance and reinsurance market should not fear a spike in business interruption (BI) losses from problems caused by…
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July 18, 2022
Ukraine accuses European and US banks of war crimes for supporting Russian oil
Ukraine’s government has accused European and US banks of war crimes for financing companies trading in Russian oil, and threatened…
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July 14, 2022
RiskPoint takes fresh investment to fund further growth
RiskPoint Group, the Stockholm-based managing general underwriter (MGU) with specialty insurance operations across Europe and the US, has secured fresh…
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July 13, 2022
New heads of onshore and London market underwriting at GCube
Renewable energy underwriter GCube Underwriting has promoted Josh Shimali to head of onshore underwriting, while Olly Litterick has been recruited…
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July 8, 2022
Experts warn raft of companies set to be hit by new human rights law in Norway
A new human rights due diligence law in Norway aimed at large Norwegian companies and foreign firms operating in the…
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July 7, 2022
Markel International expands renewable energy team with offshore wind underwriters
Matthew Rowland and Clifford Blayney have been appointed as senior underwriters to Markel International’s renewable energy team, where they will…