Energy
Energy changes offer opportunities for insurers
The changing energy landscape will provide new growth opportunities for insurers, according to Swiss Re's latest report.
Aon Benfield warns insurers to consider severe space weather events
Aon Benfield has advised the insurance industry to consider the potential ramifications of a severe space weather event, as solar and geomagnetic activity is predicted to peak in the next 12 months.
Ironshore adds Calnan to international offshore energy team
Ironshore Europe has appointed Paul Calnan to lead its international offshore energy expansion.
European environmental liability options
Environmental damage costs have hit the headlines in recent years and the European Commission is looking at the option of a fund to control them. But, as Sam Barrett finds out, the insurance industry is not the number one fan of this idea.
Questgates joins oil spill response association
Questgates has joined the UK Spill Association as an associate member, becoming the first loss adjuster in its ranks.
Munich Re invests in French onshore wind farms
Munich Re has invested in 32 French wind farms via its asset manager MEAG.
Capita secures government fuel scheme deal
Capita Insurance Services has won a seven-year fuel scheme contract with the Department of Energy and Climate Change.
Willis launches cover for offshore decommissioning risks
The energy industry faces new risks associated with decommissioning and dismantling oil and gas installations when they reach the end of their productive life, Willis Energy has warned.
Marsh launches 12th global energy hub in Mumbai
Marsh has launched its 12th global energy hub in Mumbai to serve the risk and insurance needs of the growing oil and gas sector in the region.
Munich Re reinsurers guarantees for Chinese PV manufacturer
Munich Re has taken the step of reinsuring the performance guarantees that Chinese photovoltaic manufacturer Yingli Green Energy gives to its customers for multicrystalline modules.
LMA publishes nuclear exclusion clauses update
The first in a series of nuclear and radioactive contamination exclusion clauses has been published by the Lloyd’s Market Association.
LMA publishes new nuclear exclusion clauses
The London Market Association has released the first in a series of nuclear and radioactive contamination exclusion clauses.
Munich Re launches "milestone" offshore wind cover
German insurance giant Munich Re has become the first insurer to offer serial loss cover for offshore wind turbines.
Insuring Iran
In July the European Union put in place sanctions designed to limit the provision of insurance to the Iranian crude oil sector. Francesca Nyman takes a look at how the market reacted and asks if insurance is still available.
Market Moves: Liberty makes three additions
Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.
Study could pave way for insuring CSS risks
A group of insurers claim to have found a way to remove barriers to the development of Carbon Capture and Storage technology in Europe, paving, paving the way for more effective action to prevent climate change.
UIB hires Raven as new upstream head
Lloyd's reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
UIB brings in Raven for energy director role
International reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
Increasing threat posed by solar flares
Power and utility underwriters may be unaware of the extent of the threat of major solar flares to the world's electrical generation infrastructure, space weather specialists told the London Power Forum last week.
Solar flares threaten to leave underwriters in the dark
Power and utility underwriters might not be aware of the threat of solar flares to the world's electrical generation infrastructure, warned lawyers and space weather experts.
UIB recruits ex-BP manager as engineering lead
Reinsurance broker UIB has named former BP engineer Lachlan Munn as divisional director of its Engineering Risk Consultants business.
Smaller brokers get niche to tackle emerging Asian markets
Small brokers in South East Asia are turning to specialist insurance products that are considered too niche to be of interest to their larger counterparts as Nicky Burridge reports.
Western sanctions threaten to halt Iran's shipping industry
Western sanctions are jeopardising Iran's vital shipping industry, and the country's biggest cargo carrier will face serious problems if the pressure continues, according to the head of the Islamic Republic of Iran Shipping Lines.
EU extends Iran sanctions to natural gas
The European Union has bolstered sanctions against Iran, including banning the importing of natural gas from the country owing to a "lack of progress in nuclear talks".