Energy
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.
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Matthews Daniel purchased by Bureau Veritas
Independent energy claims adjuster Matthews Daniel has been acquired by French inspections expert Bureau Veritas.
Fracking touted as 'attractive source of business' for insurers
Fracking could be an attractive source of new business for insurers if rules and guidelines are closely adhered to, according to DAC Beachcroft.
Guy Carpenter appoints head of EMEA & international P&I
Guy Carpenter has appointed Simon Smith as head of international protection and indemnity as well as overseeing the Europe, Middle East and Asia region.
Dual tasks Hellman with setting up marine practice
Dual Group has appointed Bernt Hellman to form its new marine and energy practice.
Allianz appoints Wilson global head of energy claims
Allianz Global Corporate & Specialty has appointed David Wilson as global head of energy claims based in London.
Shell oil plant explosion leaves two injured
Two people have been injured in a fire after an explosion at a Shell oil plant in the Netherlands on Wednesday.
Arctic: Coming in from the cold
As investment increases in the Arctic, what are the opportunities and risks facing insurers in the area?
NKSJ deal sees Canopius split marine and energy unit
Canopius has separated its existing marine and energy unit into two dedicated divisions as part of a move designed to maximise the growth opportunities following the firms acquisition by Japanese insurer NKSJ.
Death toll at Turkish coal mine rises to 278
At least 278 people have been killed after an explosion at a coal mine in the Turkish town of Soma in the Western province of Manisa.
AIG launches oil and gas product for ASEAN region
AIG is providing an 'OSCAR' insurance policy for oil and gas service contractors in the ASEAN region.
Interview: Jason Harris: Harris knows the drill
XL’s Jason Harris started his career on the oil rigs of the North Sea before moving into insurance via risk management. He explains the wide scope of his current role and the challenges facing the property and casualty market.
Charles Taylor appoints three to London energy team
Charles Taylor Adjusting has made three appointments in its London energy loss adjusting team including Mike Riley as energy director.
Fracking: Frack to the future
With the government pushing hydraulic fracturing in the UK, how will developments in this market affect insurers and what risks does it entail?
HSB Engineering launches energy efficiency product
Engineering and construction insurer HSB Engineering Insurance has launched an energy efficiency insurance product.
Positive market response leads LWI to pursue global growth
Energy loss adjuster Lloyd Warwick International is planning on opening new offices and recruiting “stars of the future” in a bid to support international growth.
BP loses court appeal and faces further Deepwater Horizon claims
BP has lost an appeal to the US federal appeals court to limit the compensation payouts for the 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.
China pipeline explosion sees ¥4.6m in claims
The China Petroleum & Chemical Corporation has received an estimation of ¥4.6m ($755 000) in claims from an oil pipeline explosion in Qingdao province, according to the China Insurance Regulatory Commission.
Green Deal: Green living
With the Energy Act imposing new energy‑efficiency standards on commercially and privately let properties by April 2018, what do the changes mean for the insurance industry?