Energy
Post in print - 8 April
Rehab hits general election agenda; Zurich rethink in wake of Quinn; RSA reviews energy strategy; Marsh wins Commenwealth double; and Capita reflects on McLarens Toplis.
US mine explosion claims 25 lives
An explosion in a mine in West Virginia has killed at least 25 people, various news agencies have reported.
RSA considers market position with review
RSA has stopped actively promoting its energy efficiency services while it considers the future of its offering in the market.
Carroll set to depart Canopius
Canopius Managing Agents underwriting director Tim Carroll is set to leave the company less than 18 months into the role.
AJ Gallagher swoops for two Lockton brokers - sources
Garry Taylor and Dave Cousar are set to join growing acquisitive broker AJ Gallagher, Reinsurance sources have said.
Aon claims market leading position with deal
Aon has acquired the local German broker Versicherungsmakler which specializes in placing insurance for environmental projects.
Energy losses from Chile quake will not exceed $350m - Marsh
Marsh has estimated that energy insurance losses from the Chilean earthquake will not exceed $350m, following a review of expected claims by its energy claims specialists.
Canopius delivers profit of £55m for 2009
Canopius Group, the privately-owned Lloyd’s insurance underwriting business, has reported profit before tax of £55m up from £43m in 2008 and profit before tax excluding foreign exchange on non-monetary items of £74m.
Looming climate change scheme needs attention, warns Allianz
Allianz Engineering is reminding brokers of the imminent introduction of a government backed climate change and energy saving scheme which could affect 20 000 UK businesses.
London market: offshore wind of change
Offshore wind energy is going to be big business — and so too the opportunities for insurers. But not all of it will be plain sailing for underwriters, explains Matthew Yau.
Aegis London outlines plans for Prague
The group will be holding its third annual European Energy Conference at the Inter Continental Praha hotel in Prague from the 14-15 April, 2010.
Aegis London outlines plans for Prague
The group will be holding its third annual European Energy Conference at the Inter Continental Praha hotel in Prague from the 14-15 April, 2010.
LIU Europe expands into Birmingham
Liberty International Underwriters Europe has expanded its regional operation into Birmingham with the appointment of Dave Canning as regional senior underwriter.
QBE restructures European business
With immediate effect, QBE will operate four product underwriting divisions: casualty & motor; property; marine & energy; and reinsurance & specialist.
Energy insurance costs expected to fall by up to 20%
Despite an increase in the size and scale of new energy infrastructure projects, national oil companies and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous years, according to Marsh.
UIB makes senior appointment to energy division
UIB has appointed Charles Walker to help expand its offshore energy division.
Divisional head leaves Lockton
One of Lockton's senior brokers has left the privately-owned broker, sources have told Reinsurance.
Axis grabs senior staff from GCube to start renewable energy team
Axis Capital has started a renewable energy insurance team, the company said in a statement.
US wants UN sanctions resolution on Iran within weeks, including reinsurance
The United States wants the UN Security Council to approve a resolution within weeks, laying the ground for new sanctions against Iran over its nuclear programme, including a ban on (re)insurance.
Torus names power and utilities underwriter
Property and casualty insurer Torus has appointed Louis Scott as an underwriter in its power and utilities team.
Marsh raids Zurich for new energy claims boss
Insurance broker Marsh has appointed Martin Clark as the UK leader of its energy claims team from Zurich Financial Services.
Osborne outlines UK recovery plan
Shadow Chancellor details the eight benchmarks against which it hopes its success to be judged if it wins the upcoming election.
Neste Oil to receive EUR 47.5m from reinsurers
Finnish oil refining company Neste Oil has announced that it will receive 47.5m euros from a syndicate of reinsurers following a fire at a refinery in April 2008
Lancashire appoints energy chairman
Lancashire Holdings has appointed Len Messenger as chairman of energy for its UK operating subsidiary, Lancashire Insurance Company.