energy insurance News

Texas Lawmakers Told Insurers Want ‘Seat at Table’ As Power Blackout Probe Begins

Texas state legislators on Thursday begin digging into the causes of deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Hearings are expected to highlight …

Chubb Global Markets Creates New Energy Underwriting Team

Chubb announced the creation of a new energy team in Chubb Global Markets (CGM) that will underwrite and serve as a center of excellence for all large corporate energy customers in EMEA, Asia Pacific and Latin America. CGM comprises Chubb’s …

Texas’ Cudd Well Control Providing Energy Expertise to Worldwide Facilities

Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, is partnering with The Woodlands, Texas-based Cudd Pressure Control Inc., through its Cudd Well Control division, on energy-focused insurance products. Cudd Well Control will provide the …

AXA XL Promotes Harris to Head of Energy, UK & Lloyd’s Market

AXA XL Insurance announced that Nicola Harris has been promoted to head of Energy, UK & Lloyd’s market. In her new role, Harris is responsible for developing the UK energy book, executing strategy and designing innovative insurance solutions for AXA …

RB Jones, Prosight Specialty Form RB Jones Marine; Tap Engel to Lead

H.W. Kaufman Group, a global network of companies, has expanded the capabilities of its subsidiary RB Jones through a new partnership with ProSight Specialty Insurance. RB Jones will be the exclusive administrator for Prosight’s Marine Solutions and Excess Energy products. …

Why Insurance Claims in Renewable Energy Industry Are Rising

The frequency and severity of insurance claims in the U.S. renewable energy market have significantly increased over the last five years, meaning insurers and asset owners must reset their benchmark for renewable energy risks, according to an insurer that specializes …

Fidelis Takes Equity Stake, Provides Capacity, for Energy Market MGA, Kersey Specialty

Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy subscription market insurance and will be managed through …

Mullarkey to Head Canada Property & Energy for Swiss Re Corporate Solutions

Swiss Re Corporate Solutions has named Jamie Mullarkey as head of Property & Energy, Canada. In this role, Mullarkey leads property and energy underwriting in Canada with teams based in Toronto and Vancouver. He succeeds Yvonne Steiner who has decided …

Chubb Overseas General Promotes Hardy to Executive VP, Global Energy

Chubb has appointed Matthew Hardy as executive vice president, Global Energy, Chubb Overseas General. The appointment is effective July 1 and Hardy will report to Timothy O’Donnell, the newly appointed division president, Commercial Property & Casualty, Chubb Overseas General. Hardy …

State Auto Sells Rockhill’s General Liability, Gas Distribution Business to K2 Insurance

State Auto Insurance is continuing its exit from the specialty insurance business, selling off more of the business of its excess and surplus lines subsidiary, Rockhill Insurance Group. The buyer this time is specialty insurance holding company K2 Insurance Services, …