Energy
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?
Allianz to stop insuring coal power plants and mines
Allianz will stop insuring single coal-fired power plants and coal mines and divest from companies planning to build more than 500 MW of new coal power capacity.
Lancashire profit jumps 48% in Q1
Property and casualty insurer Lancashire Holdings saw a 48% jump in pre-tax profit for the first-quarter.
Profile: Phil Barton, Jelf
With massive investment and growth since its acquisition by Marsh, Jelf CEO Phil Barton tells Will Kirkman about the broker’s plans for the future
HDI's Jens Wohlthat on the need for hardening
Natural catastrophe risks reveal the need for industrial cover rate hardening, writes Jens Wohlthat, member of the HDI board of management.
Downstream energy sector suffers worst loss in nearly a decade
The downstream energy sector suffered its worst loss record for nearly a decade in 2017 with low rating levels exacerbated by one of the worst catastrophe loss years on record.
Brokers informed: W&I for bricks and mortar
Warranty and indemnity insurance has seen significant growth in the real estate sector over the last few years. And, with the cover offering significant advantages to those involved in real estate deals, many expect it to become a standard part of any…
Interview: Romaney O'Malley, AIG
AIG head of UK regions Romaney O’Malley has been heading the group’s industrial segment since June 2016. She explains to Will Kirkman how the insurer is reshaping its approach to risk and fostering its female talent
BHSI gets the green light for Dubai business
Berkshire Hathaway Specialty Insurance Company has received its insurance license from the Dubai Financial Services Authority and established an office in the Dubai International Financial Centre.
Analysis: Sustainable insurance - in it for the long run
European insurers are gearing their investment strategies towards sustainable ventures.