Energy
Insuring Iran
In July the European Union put in place sanctions designed to limit the provision of insurance to the Iranian crude oil sector. Francesca Nyman takes a look at how the market reacted and asks if insurance is still available.
Market Moves: Liberty makes three additions
Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.
Study could pave way for insuring CSS risks
A group of insurers claim to have found a way to remove barriers to the development of Carbon Capture and Storage technology in Europe, paving, paving the way for more effective action to prevent climate change.
UIB hires Raven as new upstream head
Lloyd's reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
UIB brings in Raven for energy director role
International reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
Increasing threat posed by solar flares
Power and utility underwriters may be unaware of the extent of the threat of major solar flares to the world's electrical generation infrastructure, space weather specialists told the London Power Forum last week.
Solar flares threaten to leave underwriters in the dark
Power and utility underwriters might not be aware of the threat of solar flares to the world's electrical generation infrastructure, warned lawyers and space weather experts.
UIB recruits ex-BP manager as engineering lead
Reinsurance broker UIB has named former BP engineer Lachlan Munn as divisional director of its Engineering Risk Consultants business.
Smaller brokers get niche to tackle emerging Asian markets
Small brokers in South East Asia are turning to specialist insurance products that are considered too niche to be of interest to their larger counterparts as Nicky Burridge reports.
Western sanctions threaten to halt Iran's shipping industry
Western sanctions are jeopardising Iran's vital shipping industry, and the country's biggest cargo carrier will face serious problems if the pressure continues, according to the head of the Islamic Republic of Iran Shipping Lines.
EU extends Iran sanctions to natural gas
The European Union has bolstered sanctions against Iran, including banning the importing of natural gas from the country owing to a "lack of progress in nuclear talks".
Renewable energy broker Renewable Risk Advisors launches
A new renewable energy broker has opened for business in the UK to give clients a more "bespoke" level of service.
European insurers withdraw cover for Iranian oil storage
Two European insurers have withdrawn cover for tankers storing Iranian oil, according to documents seen by Reuters.
Global power industry sees rising claims
The global power industry continues to see a steady rise in the number of large insured claims, putting pressure on the supply of global power at a time of rising demand and on the future of the industry itself, broker Marsh said a report published today.
Iran insures South Korean refiner hit by sanctions
South Korean firms are loading Iranian crude again after a gap of nearly two months caused by the European Union embargo on insurance cover.
Politics is a major risk for renewables sector, says Willis
Resource nationalism is threatening projects in the renewables sector, according to Willis' head of political and export risk Andrew Van den Born.
UIB wins European solar deal as part of bid to double property porfolio
International reinsurance broker UIB has been appointed to provide reinsurance for the Activ Solar GmbH Solar Park in southern Ukraine.
Iran praises sanctions for kickstarting insurance market
Iran's insurers are ready to offer cover to foreign ships traveling through Iranian waters, according to Seyed Karimi, president of Iran's insurance regulator Bimeh Markazi.
Marsh appoints global energy leader
Global broker Marsh has appointed Richard Higgins as global upstream and midstream leader in the firm's energy practice.
BP accused of "gross negligence" over Deepwater Horizon
BP has disputed accusations of "gross negligence and wilful misconduct" by the US Justice Department over the 2010 Deepwater Horizon disaster.
Charles Taylor posts rise in revenue for H1
Loss adjusting firm Charles Taylor reported an increase in revenue to £53.2m (H1 2011: £2.6m) in the first half of 2012.
Howden moves to second stage of energy development with double capture
Howden has outlined the next phase of its energy division development following the appointment of Greg Stenzhorn and Richard Bateman, who join the firm from Aon Benfield and Price Forbes respectively.
Howden expands energy division with two appointments
Howden Insurance Brokers has entered the second phase of the development of its Energy division with the appointments of Greg Stenzhorn and Richard Bateman.
Allianz considers renewable funds
German insurer Allianz believed to be planning the launch of closed-end investment funds focusing on renewable energy in the future.