Energy
Arctic: Coming in from the cold
As investment increases in the Arctic, what are the opportunities and risks facing insurers in the area?
NKSJ deal sees Canopius split marine and energy unit
Canopius has separated its existing marine and energy unit into two dedicated divisions as part of a move designed to maximise the growth opportunities following the firms acquisition by Japanese insurer NKSJ.
Death toll at Turkish coal mine rises to 278
At least 278 people have been killed after an explosion at a coal mine in the Turkish town of Soma in the Western province of Manisa.
AIG launches oil and gas product for ASEAN region
AIG is providing an 'OSCAR' insurance policy for oil and gas service contractors in the ASEAN region.
Interview: Jason Harris: Harris knows the drill
XL’s Jason Harris started his career on the oil rigs of the North Sea before moving into insurance via risk management. He explains the wide scope of his current role and the challenges facing the property and casualty market.
Charles Taylor appoints three to London energy team
Charles Taylor Adjusting has made three appointments in its London energy loss adjusting team including Mike Riley as energy director.
Fracking: Frack to the future
With the government pushing hydraulic fracturing in the UK, how will developments in this market affect insurers and what risks does it entail?
HSB Engineering launches energy efficiency product
Engineering and construction insurer HSB Engineering Insurance has launched an energy efficiency insurance product.
Positive market response leads LWI to pursue global growth
Energy loss adjuster Lloyd Warwick International is planning on opening new offices and recruiting “stars of the future” in a bid to support international growth.
BP loses court appeal and faces further Deepwater Horizon claims
BP has lost an appeal to the US federal appeals court to limit the compensation payouts for the 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.
China pipeline explosion sees ¥4.6m in claims
The China Petroleum & Chemical Corporation has received an estimation of ¥4.6m ($755 000) in claims from an oil pipeline explosion in Qingdao province, according to the China Insurance Regulatory Commission.
Green Deal: Green living
With the Energy Act imposing new energy‑efficiency standards on commercially and privately let properties by April 2018, what do the changes mean for the insurance industry?
Canopius in recruitment drive to maximise profits
Canopius Group has made a number of underwriting appointments in a bid to develop profitable growth opportunities across the business.
Rupert Mackenzie to lead JLT Specialty energy division
JLT Specialty has appointed Rupert Mackenzie as divisional managing director of its energy division.
London market called on to help cut growth in mid-sized power claims
UK power generators have called on the London market to become more involved in using the risk management technique process safety to halt the growth in mid-sized power claims and potentially reduce premiums.
AGCS makes internal hire for marine role
Paul O’Neill has been named Allianz Global Corporate and Specialty global head of marine Europe and Asia Pacific effective 1 January 2014.
Necessity of new EU nuclear liability proposals questioned by industry
Premiums could rise due to new rules as UK announces new power station.
C-Suite: The answer is blowing in the wind
Insurers can have a positive influence on the renewable energy debate, but investment is needed.
IUA Group to oversee London Market Claims Committee
The International Underwriting Association is to oversee a new London Market Claims Committee which has been set up with the aim of establishing best practice guidelines for the energy claims market.
Ferma 2013: AIG aims to differentiate through global risk appetite
Risk managers increasingly need an insurer with the ability to manage a global programme, according to Emmanuel Brulé, president of commercial insurance EMEA at AIG.
Tysers strengthens energy team with AAA hires
International insurance and reinsurance broker Tysers has made two key appointments to strengthen its energy team.
Cooper Gay acquires Newman Martin and Buchan
Cooper Gay Swett & Crawford has acquired independent Lloyd’s energy broker Newman Martin and Buchan.
CILA 2013: Insurers warned to take note of Green Deal changes
Changes to improve the energy efficiency of rental properties as part of the Green Deal could have serious implications for household insurance policies, according to Nick Young, partner at DAC Beachcroft.
Aon recruits Marsh Energy MD
Aon has named Marsh Energy managing director Robert Robinson as the leader of its global energy risk engineering team.