Energy
Indian insurers set to agree $50m of cover for Iranian oil ships
Indian insurance companies look likely to agree to $50m cover per voyage with Iranian crude oil on risk for collision and spills.
PowerGuard to provide insurance for Chinese solar firm
PowerGuard Specialty Insurance Services will provide a range of long-term insurance and warranty-related cover for ReneSola, a Chinese manufacturer of solar wafers and modules.
Markel International returns to underwriting profitability and COR of 84%
Markel Corporation has reported gross written premiums of $514m for the six months ended 30 June 2012, compared with $483m for the first half of 2011, and a combined ratio of 93% for the six months compared with 107% for the same period in 2011.
Q&A with DAC Beachcroft's Steven Dewhurst
DAC Beachcroft appointed Steven Dewhurst as an insurance partner in its Singapore offices in January with the aim of expanding its international network. Francesca Nyman spoke to him six months into the role to find out about the issues affecting the…
Lancashire reports hike in profit to $102.6m
Lancashire has reported a 35.5% increase in gross written premium to $514.8m in the first half of the year, compared with $379.8m in the same period in 2011, reporting growth across three of its four main classes of business.
RSA appoints construction and engineering leader for GSL
RSA has appointed Clive Harrington-Rutterford as global portfolio leader for the firm's construction and engineering business.
Japan's first self-insured Iranian oil shipment loaded
Japan has reportedly loaded its first self-insured shipment of Iranian crude oil on two Japanese tankers.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Iranian crude finds Asian buyers despite insurance sanctions
Iran is still shipping oil to China, and Japan looks likely to resume imports in August, as Iran continues to circumvent Western sanctions on ship insurance, Reuters reported.
Marsh appoints global energy practice leader
Broker Marsh has appointed Andrew George to be chairman of its global energy practice
Management reshuffle within Marsh's energy operation
Marsh has rejigged its global energy management line-up, with Andrew George succeeding Jim Pierce as chairman.
Guest blog: EU Sustainable Energy Week
This week is European Union Sustainable Energy Week, seven days dedicated to promoting and celebrating the use of renewable energy across Europe.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Solarif and HDI Gerling partner with LDK Solar for complete PV cover
Solar insurance and finance firm Solarif has partnered with solar photovoltaic manufacturer LDK Solar to offer customers what it claims is the first full insurance package at the system level.
Japan's lower house passes Iranian oil tanker bill
Japan took a major step towards circumventing the imminent EU sanctions against Iranian oil on Friday after its lower house passed a bill to provide government guarantees on insurance for Iranian crude cargoes, Reuters reported.
EU stands firm on Iran shipping sanctions
The European Union has no intention of delaying the implementation of sanctions against ships carrying Iranian oil, and Europe could cope with any extra loss of Iranian crude exports stemming from these measures, EU Energy Commissioner Gunther Oettinger…
Japan to allow sovereign guarantees for tankers
Japan's cabinet plans to approve a bill giving sovereign guarantees for the nation’s oil tankers, circumventing sanctions aimed at stalling Iran's nuclear programme, according to Bloomberg.
Cooper Gay energy chairman retires
Tony Pickering, executive chairman of Cooper Gay's energy division, has retired.
Executive chairman retires from Cooper Gay energy division
Tony Pickering is retiring as executive chairman of the energy division at insurance intermediary Cooper Gay & Co.
RFIB transfers Australian energy business to Tolehouse Risk Services
RFIB and Tolehouse Risk Services have announced the transfer of ownership of RFIB Energy Australia to Tolehouse effective 30 June 2012.
RSA targets 'consistency' across global network with GSL restructure
RSA's reorganisation of global speciality lines aims to bring consistency across the group's global network, according to Paul Donaldson, director of global broker relationships and sales.
RSA reorganises speciality business
RSA has consolidated its global speciality business in a bid to link brokers and customers seeking global expertise and capacity.
Japan and South Korea petition EU for Iran sanctions exemption
South Korea and Japan are asking the European Union to allow access to European insurance for Iranian oil shipments even after a 1 July embargo comes into effect, according to Al Arabiya news.
Japan's government considers insurance for Iran crude tankers
Japan's government may insure tankers unable to get cover for shipments of Iranian oil due to European Union sanctions, according to the International Oil Daily.