energy industry News

Complex Energy Industry Requires ‘Power’ Underwriters

The energy industry is not a risk for every underwriter; it requires considerable underwriting expertise due to its complexity and rapid growth. “Power is one of the fastest growing segments in the U.S,” according to Tom Fitzgerald, CEO of Aon …

Energi, HDI-Gerling America Extend Partnership for the U.S. Energy Industry

Energi and HDI-Gerling America have entered into a multi-year agreement to extend their risk management and insurance programs to certain segments of the United States downstream, midstream and upstream energy markets. Energi provides distribution management, underwriting, policyholder services and loss control/engineering, while HDI-Gerling …

Worldwide Facilities Partners with Beazley, Canopius to Offer Energy Insurance

Worldwide Facilities, Inc. has formed a strategic partnership with the Canopius and Beazley Lloyd’s of London syndicates to provide a new underwriting platform for land-based oil and gas lease operators. Products will be initially offered from Worldwide’s Houston office, which …

Energy Firms Unprotected for Major Cyber Events: Willis

Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said, likening the threat to a “time bomb” that could cost the industry billions of dollars. Willis highlighted the industry’s vulnerability to cyber threats in its annual review …

Energi Opens Office in Chicago Area

Energi, a provider of risk management and insurance programs for the energy industry, has opened an office in Downers Grove, Ill. The new office, located at the Esplanade I, will provide operational support for Energi’s Midwest risk mitigation and insurance …

Energi Develops First Canadian Energy Savings Warranty

Energi, a Massachusetts-based industrial reinsurance company, which provides risk management and insurance programs for the energy industry, announced that it will provide an Energy Savings Warranty (ESW) for the Toronto Atmospheric Fund (TAF) for energy efficiency retrofit in Toronto, Ontario. …