Energy
Retreat from coal wins insurers praise from NGOs
Commitments to disengage from coal-producing and coal-dependent power companies have won insurers plaudits from activist organisations, according to consultancy Sigwatch.
Gallagher boss Simon Matson apologises for 'insensitive comments'
Simon Matson, UK CEO of Gallagher, pictured, has said sorry for the “insensitive comments” he made which came to light in the staff and business poaching court case the firm lost to Ardonagh this October.
Blog: Gallagher vs Ardonagh – A warning to us all
The staff poaching lawsuit between Gallagher and Ardonagh wrapped up in court on Friday, as the judge threw out all but one of Gallagher’s claims. It serves as a timely reminder of the ultimate costs of litigation, which are not always financial.
London company market premiums written in Europe on the rise
Gross premiums written in London by the company market increased 6.7% in 2018, reaching £19.56bn, according to the International Underwriting Association.
AIG's Anthony Baldwin on the evolution of the London market
2019 has been a year of changes in the London Market. The Decile 10 review at Lloyd’s in 2018 was the most high-profile example of insurance businesses reviewing their operations
Analysis: Investing in a sustainable future
European governments and a wide range of international governmental and non-governmental organisations are looking to big institutional investors to back the development of a sustainable, greener infrastructure. Insurers and pensions funds are top of…
Hiscox floats seized ship cover as Iran Gulf tensions threaten premiums
Hiscox has developed a product designed to protect shipping targeted by nation states amid warnings that escalating tensions between Iran and the UK and its allies could lead to higher insurance premiums.
Chubb withdraws from coal underwriting over climate change fears
Chubb will phase out its coal insurance policies within the next three years, amid climate fears.
Interview: Michael Rea, Gallagher
With Gallagher re-entering the M&A game after a four year hiatus, Michael Rea spoke to Harry Curtis about what makes a good deal, how consolidation is changing, why restrictive covenants need to be upheld and the Ardonagh court case
Lloyd's outlines recovery plan for 2019
Lloyd’s syndicates will continue to face a rigorous performance management regime, as the market seeks to boost its profitability.
Gallagher alleges Ardonagh carried out 'carefully planned conspiracy' to poach employees
The departure of a number of employees from Gallagher subsidiary Alesco in 2017, who went on to join an Ardonagh energy division, was “the product of a carefully planned conspiracy”, Gallagher will claim.
Claims Apprentice 2019: meet the six final candidates
After short-listing 30 talented candidates for interview, we can finally reveal the six successful claims professionals that have been selected for the first series of Claims Apprentice.
Analysis: Making mining work
The mining industry is facing a shrinking pool of project managers but improved project management software, what impact is this having on the industry and its insurers?
Beazley to close Oslo branch next year
Exclusive: Beazley is closing its Oslo office next year owing to “challenging” conditions in the energy market.
Aviva plan for wind turbine at Perth HQ provokes outcry
Aviva is embroiled in a local planning dispute over plans to build a wind turbine, as the company moves to make their Perthshire offices carbon-neutral.
Standard Club to leave Lloyd's next year
Mutual protection and indemnity club, The Standard Club, will withdraw from underwriting at Lloyd’s in 2019.
Allianz named most sustainable insurer in Dow Jones Sustainability Index 2018
Allianz Group achieved the top position as sector leader among all rated insurance companies in the Dow Jones Sustainability Index
Analysis: Pricing climate risks
As climate change becomes tangible, insurers are feeling the heat. Their understanding of the risks could inform not just their underwriting but also their investment strategies.
XL Catlin's Nicola Harris on why insurers need to change their approach to the energy sector
Challenging times for the oil and gas industry call for a change in the way insurers address energy risks, writes Nicola Harris, head of energy for Europe, Middle East and Africa at XL Catlin.
JLT Specialty's Hamish Roberts on why insurers must continue insuring coal
The pressure on insurers to deny coal projects any form of cover may actually increase pollution, warns Hamish Roberts, head of JLT Specialty’s London-based power business.
Axa Research Fund gets €50m endowment
Axa has committed €50m (£44m) to its research fund over the next five years.
Analysis: Supply chains: Pruning supply risks
With supply chains entwined through businesses like ivy, disruption risks are climbing. Under-utilised policy wordings and little-known specialist covers haven’t weeded them out
Analysis: How Lloyd's is faring in the Middle East
As economies in the Middle East diversify, new opportunities for insurers and reinsurers are beginning to show themselves. Is the London Market taking full advantage?