Energy
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.
Novae's renewal rates fell 3.3% on average in first half
Specialist (re)insurer Novae saw average renewal rates reduce 3.3% in the first half of the year.
Willis appoints Weaver as South East Asia CEO
Willis has appointed Miller's head of Asia Simon Weaver as CEO of its Singapore office and regional CEO for South East Asia.
Europe C-Suite: Renewable energy
RSA's Brendan Reed explains why UK insurers have a role to play in helping the country realise significant economic benefits from understanding the risks associated with renewable energy.
CNA Hardy becomes underwriting partner for Dual's marine and energy business
Dual’s global marine and energy business has started underwriting supported by CNA Hardy’s Lloyd’s syndicate.
Canopius recruits from Delta Lloyd for renewable energy team
Canopius has unveiled a new renewable energy division following the recruitment of a team of specialists from Delta Lloyd.
Andrew Torrance to leave Fireman's Fund in US restructure
Allianz's former UK CEO Andrew Torrance is stepping down as CEO and president of Allianz's Fireman's Fund unit at the end of the year.
Novae delivers 6% GWP increase in Q3 despite property and casualty slump
Lloyd’s insurer Novae Group has chalked up a 6% increase in gross written premium to £515.1m for the period ended 30 September 2014 (Q3 2013: £484.6m), despite recording GWP reductions in its property and casualty businesses.
Hardy looks to Hiscox for energy and marine division head
Hiscox's Carl Day has been appointed energy, marine and aviation head at Hardy.
Mining: Peace of mined
Fraught with danger, the mining industry has seen many safety improvements following high-profile disasters in recent years – but how has this impacted those insuring the sector?
Q&A: Stephanie Watkins: Engineering success
HSB Engineering boss Stephanie Watkins gives Post the lowdown on a period of major change for the specialist insurer – including its acquisition by Munich Re – and reveals what she sees as the emerging risks for the sector
Renewable energy: An ill wind?
If a recent Swiss Re report is to be believed, investment in renewable energy is set to skyrocket in the coming years – so why do insurers seem wary of taking on the sector’s risks?
40% of 20 largest ex-nat cat losses in 2013 from oil and gas
Globally, excluding those caused by natural disasters, oil and gas losses were worth $3.2bn (£1.95bn) in 2013.
Brit launches cyber cover for critical infrastructure operators
Global specialty insurer Brit has developed a new product designed to protect companies operating critical infrastructure and industrial machinery from malicious attacks.
Indian insurers face $107m loss over refinery
A vapour fire explosion at an oil refinery owned by HPCL-Mittal Energy in Bathinda, Punjab has triggered a major claim.
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Matthews Daniel purchased by Bureau Veritas
Independent energy claims adjuster Matthews Daniel has been acquired by French inspections expert Bureau Veritas.
Fracking touted as 'attractive source of business' for insurers
Fracking could be an attractive source of new business for insurers if rules and guidelines are closely adhered to, according to DAC Beachcroft.
Guy Carpenter appoints head of EMEA & international P&I
Guy Carpenter has appointed Simon Smith as head of international protection and indemnity as well as overseeing the Europe, Middle East and Asia region.
Dual tasks Hellman with setting up marine practice
Dual Group has appointed Bernt Hellman to form its new marine and energy practice.
Allianz appoints Wilson global head of energy claims
Allianz Global Corporate & Specialty has appointed David Wilson as global head of energy claims based in London.
Shell oil plant explosion leaves two injured
Two people have been injured in a fire after an explosion at a Shell oil plant in the Netherlands on Wednesday.
Arctic: Coming in from the cold
As investment increases in the Arctic, what are the opportunities and risks facing insurers in the area?