Energy
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Two European insurers have withdrawn cover for tankers storing Iranian oil, according to documents seen by Reuters.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.
Solarif extends PV cover after customer demand
Solar Insurance and Finance has expanded its policy terms and conditions for solar photovoltaic insurance to "align with customer wishes".
SAMA 'extremely helpful' for foreign investors in Saudi, says Charles Taylor
The Saudi Arabian Monetary Association was "very positive" and "extremely helpful" when approached about a foreign adjuster looking to invest in the kingdom, according to Joe McMahon, chairman of Charles Taylor Adjusting.
Indian insurers set to agree $50m of cover for Iranian oil ships
Indian insurance companies look likely to agree to $50m cover per voyage with Iranian crude oil on risk for collision and spills.
PowerGuard to provide insurance for Chinese solar firm
PowerGuard Specialty Insurance Services will provide a range of long-term insurance and warranty-related cover for ReneSola, a Chinese manufacturer of solar wafers and modules.
Markel International returns to underwriting profitability and COR of 84%
Markel Corporation has reported gross written premiums of $514m for the six months ended 30 June 2012, compared with $483m for the first half of 2011, and a combined ratio of 93% for the six months compared with 107% for the same period in 2011.
Q&A with DAC Beachcroft's Steven Dewhurst
DAC Beachcroft appointed Steven Dewhurst as an insurance partner in its Singapore offices in January with the aim of expanding its international network. Francesca Nyman spoke to him six months into the role to find out about the issues affecting the…
Lancashire reports hike in profit to $102.6m
Lancashire has reported a 35.5% increase in gross written premium to $514.8m in the first half of the year, compared with $379.8m in the same period in 2011, reporting growth across three of its four main classes of business.
RSA appoints construction and engineering leader for GSL
RSA has appointed Clive Harrington-Rutterford as global portfolio leader for the firm's construction and engineering business.
Japan's first self-insured Iranian oil shipment loaded
Japan has reportedly loaded its first self-insured shipment of Iranian crude oil on two Japanese tankers.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.