Energy
Liberty syndicate adds onshore energy & construction
Liberty Specialty Markets is to expand its syndicate business in Lloyd’s to include onshore energy and construction.
Broker Ed names Wakefield marine and energy reinsurance head
London market broker Ed has appointed Andy Wakefield as managing director of marine and energy reinsurance.
Pioneer launches renewable energy team
Pioneer has launched a renewable energy underwriting team led by Warren Diogo.
JLT Group reports 'resilient' performance in its interim results
JLT Group has reported a "resilient" performance of its risk and insurance businesses, in its interim results for 2016, despite pricing pressures in multiple markets caused by global economic uncertainty.
Hiscox to ‘shrink’ London Market business in response to rate pressure
Hiscox is “actively reducing” its aviation, marine and energy business in the London Market, in response to severe rate pressure.
Foister swaps Liberty for Markel energy in Singapore
Timothy Foister has left Liberty International to join Markel in Singapore.
Chubb's Keen promoted in Asia-Pacific
Global insurer Chubb has promoted Jason Keen to head of property and casualty for Asia-Pacific.
Oil price shocks could drive insurers out of energy sector
Cost-cutting in the energy market as oil prices fall could see insurers consider exiting the sector, according to Willis Towers Watson’s annual energy market review.
Three still missing after Didcot Power Station collapse
Emergency services are searching for three people after yesterday’s (23 February) partial collapse of the decommissioned Didcot A Power Station in south Oxfordshire.
Lloyd's extends broker sessions in Singapore
Lloyd's has extended its open trading sessions at its new Singapore hub in Capita Green.
South Korea pens $2bn financing deal with Iran
South Korea has agreed a $2bn (£1.4bn) contract with Iran for trade insurance financing.
Lloyd's Iranian oil insurance embargo lifted
Lloyd's of London has confirmed this week that its managing agents can offer cover for the transportation of Iranian oil and petroleum products again.
The Standard Syndicate increases reach Scandinavia
The Standard Syndicate 1884 has extended its distribution into Scandinavia, appointing Hydor AS as a Lloyd’s coverholder.
Insurers should prepare for claims after MPs' fracking decision
Insurers must brace themselves for claims from disgruntled homeowners and businesses following MPs voting today (16 December) to allow fracking under national parks in the UK.
Watkins Syndicate to rename as Munich Re
From 1 January 2016 Watkins Syndicate 457 in addition to its managing agent Munich Re Underwriting will be renamed Munich Re Syndicate.
Impact Forum: Apple to launch electric car in 2019 predicts government adviser
Technology giant Apple has been tipped by a government adviser to launch into the motor market by 2019.
Impact Forum: Renewable energy equal with cyber in terms of Lloyd's growth potential
Reneweable energy is among the burgeoning new classes of business in the Lloyd’s and London markets, alongside cyber, it was claimed yesterday at the Post Impact Forum.
ATL plots energy market gains after swooping for JLT team
Independent Lloyd’s broker ATL Marine & Energy has appointed a senior team of specialist energy brokers from JLT in a bid to drive the growth of its energy account in Europe and Latin America.
London remains key market for energy buyers
London is still the number one market for many energy buyers with the concentration and experience of the market leading to a more efficient buying process, a risk expert told the London Power Forum this month.
Lloyd's broker ATL eyes team and client captures following rebrand
The business formerly known as Atlantic (UK) Brokers is making a concerted push into the energy market after rebranding at ATL Marine & Energy.
Aon Benfield and RMS develop marine and energy model
Aon Benfield has invested in a catastrophe model to help marine and energy insurers assess their cargo risks more accurately, in conjunction with model vendor RMS.
RSA’s Corrigan joins HDI Gerling’s energy, construction and engineering division
Industrial insurer HDI Gerling has appointed David Corrigan as UK and Ireland property underwriting director and has launched a new engineering, construction and energy division.
Iran sanctions removal may present early opportunity for EU insurance firms
Non-US owned insurance companies may look to steal a march on their competitors if sanctions prohibiting trading with Iran are not lifted simultaneously by all countries.
Government to 'encourage' insurers to join nuclear market
The government plans to encourage more insurers to enter the nuclear insurance market, to ensure there is sufficient capacity for planned nuclear power stations in the UK, the parliamentary under-secretary for climate change said this week.