Energy
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.
MAST supports UK Marine Framework for unexploded weaponry
Maritime Asset Security and Training is helping the Construction Industry Research and Information Association to develop a risk management framework for dealing with Unexploded Ordnance in the near-shore and offshore environment.
Double appointment for HSB energy team
Specialist engineering and construction insurer HSB Engineering Insurance, part of Munich Re, has made two appointments to its power and energy team.
AJG posts rise in profit to $93.5m
Broker Arthur J Gallagher reported a group increase in profits to $93.5m [£61.4m] for the second quarter of 2013, from $71.7m in the same period of 2013. Adjusted total revenues for AJG’s brokerage segment were up 16%, base organic commission and fee…
Renewable energy market could triple insurance spend by 2020
The amount spent on insurance annually to mitigate risks to renewable energy projects could triple by 2020, according to a new report sponsored by Swiss Re.
Renewables market could triple insurance spend by 2020
The renewable energy industry could triple its annual insurance spend by 2020 to mitigate risks to projects, according to a new report sponsored by Swiss Re.
View from the Top: Environmental protection
Clean tech firms could find themselves in a mess if they fail to secure adequate cover, says Paul Skinner, segment specialist underwriter, Chubb Insurance.
Lancashire appoints new head of energy and marine
Lancashire Holdings has appointed James Flude as head of energy & marine for its UK operation.
Employment: Port in a storm?
Does the insurance sector’s resilience in a difficult economic climate make it a safe haven for employees, or are industry staff in as much peril as the rest of the UK workforce?
Insurers braced for losses after Canada train derailment
Insurers are facing further losses in Canada after a freight train carrying crude oil exploded in the middle of a small Canadian town.
Europe: Draining energy
Europe was fast out of the blocks with its carbon emissions schemes but the financial downturn and the emergence of Asia and Latin America is threatening its future, Steve Kingshott writes.