Energy
Impact Forum: Apple to launch electric car in 2019 predicts government adviser
Technology giant Apple has been tipped by a government adviser to launch into the motor market by 2019.
Impact Forum: Renewable energy equal with cyber in terms of Lloyd's growth potential
Reneweable energy is among the burgeoning new classes of business in the Lloyd’s and London markets, alongside cyber, it was claimed yesterday at the Post Impact Forum.
ATL plots energy market gains after swooping for JLT team
Independent Lloyd’s broker ATL Marine & Energy has appointed a senior team of specialist energy brokers from JLT in a bid to drive the growth of its energy account in Europe and Latin America.
London remains key market for energy buyers
London is still the number one market for many energy buyers with the concentration and experience of the market leading to a more efficient buying process, a risk expert told the London Power Forum this month.
Lloyd's broker ATL eyes team and client captures following rebrand
The business formerly known as Atlantic (UK) Brokers is making a concerted push into the energy market after rebranding at ATL Marine & Energy.
Aon Benfield and RMS develop marine and energy model
Aon Benfield has invested in a catastrophe model to help marine and energy insurers assess their cargo risks more accurately, in conjunction with model vendor RMS.
RSA’s Corrigan joins HDI Gerling’s energy, construction and engineering division
Industrial insurer HDI Gerling has appointed David Corrigan as UK and Ireland property underwriting director and has launched a new engineering, construction and energy division.
Iran sanctions removal may present early opportunity for EU insurance firms
Non-US owned insurance companies may look to steal a march on their competitors if sanctions prohibiting trading with Iran are not lifted simultaneously by all countries.
Government to 'encourage' insurers to join nuclear market
The government plans to encourage more insurers to enter the nuclear insurance market, to ensure there is sufficient capacity for planned nuclear power stations in the UK, the parliamentary under-secretary for climate change said this week.
Novae's renewal rates fell 3.3% on average in first half
Specialist (re)insurer Novae saw average renewal rates reduce 3.3% in the first half of the year.
Willis appoints Weaver as South East Asia CEO
Willis has appointed Miller's head of Asia Simon Weaver as CEO of its Singapore office and regional CEO for South East Asia.
Europe C-Suite: Renewable energy
RSA's Brendan Reed explains why UK insurers have a role to play in helping the country realise significant economic benefits from understanding the risks associated with renewable energy.
CNA Hardy becomes underwriting partner for Dual's marine and energy business
Dual’s global marine and energy business has started underwriting supported by CNA Hardy’s Lloyd’s syndicate.
Canopius recruits from Delta Lloyd for renewable energy team
Canopius has unveiled a new renewable energy division following the recruitment of a team of specialists from Delta Lloyd.
Andrew Torrance to leave Fireman's Fund in US restructure
Allianz's former UK CEO Andrew Torrance is stepping down as CEO and president of Allianz's Fireman's Fund unit at the end of the year.
Novae delivers 6% GWP increase in Q3 despite property and casualty slump
Lloyd’s insurer Novae Group has chalked up a 6% increase in gross written premium to £515.1m for the period ended 30 September 2014 (Q3 2013: £484.6m), despite recording GWP reductions in its property and casualty businesses.
Hardy looks to Hiscox for energy and marine division head
Hiscox's Carl Day has been appointed energy, marine and aviation head at Hardy.
Mining: Peace of mined
Fraught with danger, the mining industry has seen many safety improvements following high-profile disasters in recent years – but how has this impacted those insuring the sector?
Q&A: Stephanie Watkins: Engineering success
HSB Engineering boss Stephanie Watkins gives Post the lowdown on a period of major change for the specialist insurer – including its acquisition by Munich Re – and reveals what she sees as the emerging risks for the sector
Renewable energy: An ill wind?
If a recent Swiss Re report is to be believed, investment in renewable energy is set to skyrocket in the coming years – so why do insurers seem wary of taking on the sector’s risks?
40% of 20 largest ex-nat cat losses in 2013 from oil and gas
Globally, excluding those caused by natural disasters, oil and gas losses were worth $3.2bn (£1.95bn) in 2013.
Brit launches cyber cover for critical infrastructure operators
Global specialty insurer Brit has developed a new product designed to protect companies operating critical infrastructure and industrial machinery from malicious attacks.
Indian insurers face $107m loss over refinery
A vapour fire explosion at an oil refinery owned by HPCL-Mittal Energy in Bathinda, Punjab has triggered a major claim.