The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the London market, both A.M. …
Beazley, a provider of specialist marine insurance, is expanding its marine offerings with the acquisition of London-based subsea specialist The Leviathan Facility. Beazley will acquire the majority of their existing book and renewal rights. In addition, principal Leviathan underwriters, Simon …
Energy insurers continue to feel the pressure caused by over-supply of capital and falling demand from buyers, which may lead them to exit or scale back their participation in the energy sector, according to a report published by Willis Towers …
The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers forecast income could dive by 20 …
Aspen Insurance announced the appointment of Robert Rokicki as senior vice president and head of Onshore Energy and Construction for the Americas. Reporting to Tim Kania, global head of Energy and Construction, Rokicki will be based in New York and …
Aon Benfield announced it has invested in an innovative catastrophe model to help marine and energy insurers more accurately assess their cargo risks. While there are plenty of catastrophe models in the non-marine sector, the marine and energy insurance industry …
Energi of Canada has launched a new property & casualty program for energy construction. The new energy construction program offers risk management services and insurance coverage for contractors in the following segments: Water/sewer and excavation contractors Cable, TV, telephone, and …
Coal giant Peabody Energy has been among the harshest critics of federal energy policies, joining a court challenge to the Obama administration’s new clean air regulations and denouncing its promotion of renewable fuels. But there is one government program that …
The debate over hydraulic fracturing, a technique used to drill oil and natural gas wells, may be coming to Kentucky. The Lexington Herald-Leader reports there’s been increased interest among oil and gas companies in areas of eastern and central Kentucky. …
Ryan Specialty Group’s Global Special Risks (GSR), a subsidiary of RSG Underwriting Managers, LLC, has launched a new binding authority facility for the Upstream Solutions Energy Package, which provides products for oil and gas operators and non-operators of North American-based …
