energy insurance News

EU Suspects Sabotage Is Cause of Leaks in Russia Gas Pipelines

Any deliberate disruption to the EU’s energy infrastructure would meet a “robust and united response,” its top diplomat said, after several states said two Russian pipelines to Europe that have been spewing gas into the Baltic had been attacked. It …

Gas Leaks in Russia-Europe Nord Stream Pipelines Raise Sabotage Fears

Europe was investigating leaks in two Russian gas pipelines that churned up the Baltic Sea with bubbles on Tuesday and raised concerns from Copenhagen to Moscow about sabotage on infrastructure at the heart of a European energy standoff. But it …

People Moves: Lockton Hires Starr Cos.’ Shephard for Aviation; Arch Promotes Bonneau; AXA XL Names Zhou, Lui as Energy U/Ws in Canada

This edition of International People Moves details appointments at Lockton, Arch Insurance International and AXA XL. A summary of these new hires follows here. Lockton Hires Starr Cos.’ Shephard for Aviation Lockton announced the appointment of Carl Shephard has been …

Chaucer Forms Renewable Power Team in Move to Expand Energy Division

Specialty re/insurance group Chaucer announced the creation of a dedicated team for Renewable Power as part of plans to broaden its Energy Division and provide dedicated support to oil and gas clients as they transition towards cleaner and more sustainable …

Specialist MGA Platform Pine Walk Launches Energy Liability MGA, OPEnergy

Pine Walk Capital Ltd., the London-based specialist MGA platform, has announced the launch of its sixth MGA, OPEnergy Ltd. OPEnergy received regulatory approval from the UK regulator on Jan. 6, 2022 and will write onshore and offshore energy liability risks, …

Offshore Energy Firms Warned of Insurance Limits for Ida Losses

Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf of Mexico, because of reduced coverage offered by insurers, risk modeling firm RMS said on Thursday. Ida, one of the …

Chubb Launches Insurance for Offshore Wind Farms

Chubb has announced the launch of an insurance solution for offshore wind farms. Chubb’s Offshore Wind Farm policy has been developed to support green energy providers through the entire offshore wind farm process – from project inception through to energy …

Marsh Launches Saudi Arabia Engineering Hub

Insurance broker Marsh announced the launch of its Engineering Hub in Al-Khobar, Saudi Arabia. The Engineering Hub is Marsh’s third in the Middle East and Africa (MEA) region along with existing hubs in Abu Dhabi and Dubai. The hub will …

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 …