Energy
Iranian crude finds Asian buyers despite insurance sanctions
Iran is still shipping oil to China, and Japan looks likely to resume imports in August, as Iran continues to circumvent Western sanctions on ship insurance, Reuters reported.
Marsh appoints global energy practice leader
Broker Marsh has appointed Andrew George to be chairman of its global energy practice
Management reshuffle within Marsh's energy operation
Marsh has rejigged its global energy management line-up, with Andrew George succeeding Jim Pierce as chairman.
Guest blog: EU Sustainable Energy Week
This week is European Union Sustainable Energy Week, seven days dedicated to promoting and celebrating the use of renewable energy across Europe.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Solarif and HDI Gerling partner with LDK Solar for complete PV cover
Solar insurance and finance firm Solarif has partnered with solar photovoltaic manufacturer LDK Solar to offer customers what it claims is the first full insurance package at the system level.
Japan's lower house passes Iranian oil tanker bill
Japan took a major step towards circumventing the imminent EU sanctions against Iranian oil on Friday after its lower house passed a bill to provide government guarantees on insurance for Iranian crude cargoes, Reuters reported.
EU stands firm on Iran shipping sanctions
The European Union has no intention of delaying the implementation of sanctions against ships carrying Iranian oil, and Europe could cope with any extra loss of Iranian crude exports stemming from these measures, EU Energy Commissioner Gunther Oettinger…
Japan to allow sovereign guarantees for tankers
Japan's cabinet plans to approve a bill giving sovereign guarantees for the nation’s oil tankers, circumventing sanctions aimed at stalling Iran's nuclear programme, according to Bloomberg.
Cooper Gay energy chairman retires
Tony Pickering, executive chairman of Cooper Gay's energy division, has retired.
Executive chairman retires from Cooper Gay energy division
Tony Pickering is retiring as executive chairman of the energy division at insurance intermediary Cooper Gay & Co.
RFIB transfers Australian energy business to Tolehouse Risk Services
RFIB and Tolehouse Risk Services have announced the transfer of ownership of RFIB Energy Australia to Tolehouse effective 30 June 2012.
RSA targets 'consistency' across global network with GSL restructure
RSA's reorganisation of global speciality lines aims to bring consistency across the group's global network, according to Paul Donaldson, director of global broker relationships and sales.
RSA reorganises speciality business
RSA has consolidated its global speciality business in a bid to link brokers and customers seeking global expertise and capacity.
Japan and South Korea petition EU for Iran sanctions exemption
South Korea and Japan are asking the European Union to allow access to European insurance for Iranian oil shipments even after a 1 July embargo comes into effect, according to Al Arabiya news.
Japan's government considers insurance for Iran crude tankers
Japan's government may insure tankers unable to get cover for shipments of Iranian oil due to European Union sanctions, according to the International Oil Daily.
Markel makes senior appointment to cargo team
Markel International has appointed Richard Burnett as senior underwriter for cargo, part of the company's marine and energy division.
Lloyd's Register exits Iran amid sanctions furore
Lloyd's Register has closed its operations in Iran, fearing a blacklisting in the US if it failed to terminate the business.
Indian insurer will provide liability cover for tankers carrying Iranian crude
State-owned Indian insurer General Insurance Corp of India will step forward to provide third-party liability cover of up to $50m for ships bringing Iranian crude oil from Iran, according to reports.
China considering sovereign guarantees to keep oil flowing
China will review the possibility of sovereign guarantees to enable the nation's ships to import Iranian crude oil after EU sanctions come into effect in July, the head of the China Shipowners' Association has said.
Ace appoints Asia Pacific energy casualty underwriter
Ace has named Shaun Oliver as Asia Pacific Energy Casualty Underwriter.
Career development: ECIC offers energy training for brokers
Electrical Contractors Insurance Company has launched a renewable energy training scheme for its broker partners.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.eu over the past seven days.
Japan discusses tanker cover for sanctions-hit ships
The Japanese government may yet step in to to compensate for the insurance shortfall faced by tankers carrying Iranian oil.