oil and gas News

Global Alliance Founder Wins License to Operate Mozambique Insurer

The Mozambican unit of a company set up by Global Alliance Group founder Robert Lewis has won a license to become the southern African nation’s 17th insurer. ICE Seguros, part of London-based International Commercial & Engineering Holdings, will provide insurance …

J.H. Blade Launches Pollution Response Service for Energy Risks

National upstream oil and gas energy MGA J.H. Blades & Co. Inc., along with the Swett & Crawford Dallas Energy team and the recently-acquired Burke Daniels Inc., have joined forces with Wild Well Control Inc. to launch an early intervention …

Houston-Based Broker, J.H. Blades, Acquires Energy Rival Burke-Daniels

J.H. Blades & Co. Inc., an energy-focused managing general agent based in Houston, announced it has purchased wholesale broker Burke-Daniels Co. Inc., which also specializes in the oil and gas energy sector. Terms of the deal were not disclosed. With …

Insurance Capacity for Oil & Gas Is Plentiful but Contract Wording May Be Tricky

The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their efforts to understand the wording in …

ProSight Specialty Expands Energy Market Coverage with Three New Programs

ProSight Specialty Insurance is expanding its reach in the energy market with the launch of three new insurance programs designed for the business needs and exposures of solar energy contractors, propane and fuel dealers, and oil and gas contractors. The …

UN Climate Chief Calls For ‘Urgent Transformation’ of Oil, Gas to Green Energy

The U.N.’s climate chief called on the oil and gas industry on Thursday to make a drastic shift to a clean, low-carbon future or risk having to leave three-quarters of fossil fuel reserves in the ground. “The time for experimentation, …

Arctic Ocean to Get ‘Polar Code’ Shipping Rules; Will Lower Insurance Costs

New shipping rules are soon to be agreed for the Arctic. Summer sea ice has shrunk by about two-thirds over three decades, opening a new ocean with vast natural resources. Maritime nations are close to a landmark deal on the …

Ironshore’s U.S. Energy Unit Launches Endorsements for Upstream Risks

The Energy Unit of Ironshore’s U.S. Specialty Casualty unitis now offering enhanced insurance coverage endorsements for upstream energy risks as part of its ExcessProtect Plus Energy Commercial Excess Liability policy. The suite of endorsements provides insurance coverage for energy risks …

Schinnerer Launches Energy Program on Admitted Basis in Eight States

Underwriting manager Victor O. Schinnerer & Co. is now offering its energy program on an admitted basis in Texas, Alabama, Arkansas, Colorado, Minnesota, New Mexico, Oklahoma, and Tennessee. The program provides a suite of property and casualty (P&C) coverage for …

All Risks Launches Down Hole Tool for South Central Onshore Oil, Gas Industry

The South Central offices of All Risks, Ltd. have designed a “down hole specialty rental tool” insurance product for Lost In Hole (LIH). This coverage is available to oil & gas drillers and operators as well as rental tool companies. …