Energy
Ace appoints Bartolo as UK & Ireland environmental risk manager
Ace Group has hired environmental consultant Emma Bartolo to manage its UK & Ireland environmental liability book.
AIG extends oil and gas cover
AIG has expanded its oil and gas product to offer increased limits and cover, coupled with stronger specialist loss control services.
ProSight Specialty Underwriters appoints non-exec director
Lloyd's coverholder ProSight Specialty Underwriters has appointed Peter Goddard as a non-executive director with immediate effect.
Hannover Re to reinsure energy savings warranties
Hannover Re has joined with KlimaProtect to develop an energy savings warranty insurance product for industrial enterprises in Germany.
Q-Re appoints new management team
Q-Re has recruited a new management team, following the appointment of chief executive officer Gunter Saacke in February.
Catlin reports 12% GWP hike in cat-free quarter
Catlin has reported a 12% increase in gross written premium to $1.84m in the first quarter of the year compared to the same period in 2012 (Q1 2012: $1.64m).
New India Assurance warns over government Iran oil cover
The government owned insurer has warned that an energy insurance pool to cover oil imported from Iran might not be sufficient.
View from the Top: Eco plans must pass litmus test
Environmentally friendly buildings can cut down on CO2 emissions but at what cost?
Diversified economy helps Kuwaiti insurers but challenges remain
Kuwait’s bid to balance its revenue sources through the development of non-oil sectors, along with more stringent regulation of the insurance market, will have beneficial consequences for the nation’s insurers, according to research by Timetric.
India's banking secretary confirms 20bn rupee energy fund
India’s Banking Secretary Rajiv Takru has confirmed that the country will establish a 20bn rupee (€283m) insurance fund to cover refiners buying crude from Iran.
Floods devastate Argentina's capital
Flash flooding in Argentina has claimed more than 50 lives and halted production at the country’s largest oil refinery.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Munich Re to develop geothermal exploration insurance in Turkey
Munich Re and The World Bank’s International Financial Corporation have agreed to develop geothermal exploration risk insurance in Turkey.
Emerging market megacities will be "gamechanger" says Swiss Re
Eight of the top megacities in the world will be in emerging markets by 2025, according to Swiss Re.
Indian refiners to halt Iranian oil imports
India’s oil refiners may cease crude imports from Iran next month as a result of their inability to access cover due to Western sanctions, the head of its largest refiner has said.
Crawford takes majority stake in energy consultancy
Crawford & Company is to acquire a majority interest in loss consultancy Lloyd Warwick International.
RSA eyes wind farm opportunities after government gives greenlight
RSA has welcomed the government’s decision to approve the expansion of the Kentish Flats wind farm off the Kent coast.
Lancashire produces stable profit despite $44m Sandy loss
Lancashire Holdings saw an increase in gross written premium in 2012 to $724.3m (£475.8m) compared to $632.3m the year before. Its net operating profit slightly increased to $220.3m (2011: $219m) over 2012, and its combined operating ratio was reasonably…
Energy firms face increasing cyber threat exposure: Marsh
Oil and gas firms should brace for a wave of cyber threats according to Marsh, citing convering technological, terrorism and political risks.
BP heads for two-step Deepwater Horizon civil trial
BP is to face a civil trial over the 2010 Deepwater Horizon oil disaster, after talks on a settlement with US authorities collapsed.
Eastern European wind now more 'bankable'
As manufacturer and developer ambitions escalate, Eastern European wind energy projects are becoming increasingly ‘bankable’.
Ace enters Lloyd’s energy market
Ace has launched offshore and onshore energy cover from its Lloyd’s syndicate 2488.
Miller recruits energy specialist
Miller has appointed Lloyd and Partners’ Andy Neve to its energy business in a bid to bolster commitment to client service and business development.
Renewable energies present opportunities worldwide
UK insurers risk missing out on the big economic opportunities of renewable energy, according to Steve Kingshott, RSA's global director of construction, engineering and renewable energy.