offshore energy News

Beat Capital Launches Specialist Energy Insurance Business With Charlton as CEO

Beat Capital Partners, a long-duration venture-capital investor that specializes in the insurance industry, announced the launch of a specialist energy underwriter, Horace Agency Ltd. Led by industry veteran Chris Charlton, Horace will focus exclusively on onshore and offshore energy insurance …

Sandy Losses Wiped Out Entire U.S. Marine Premiums for 2012: IUMI

The cost of Superstom Sandy to the global marine market has been put at between $2.5 billion and $3 billion — which effectively wipes out the entire U.S. marine premiums for 2012, according to the annual spring statistics issued by …

Munich Re First to Offer Offshore Wind Energy Serial Loss Coverage

Munich Re announced that it has “become the first insurance group to offer serial loss cover for offshore wind energy units. Corresponding cover for a North Sea wind farm has been signed by Marcus A. Wassenberg, Chief Financial Officer of …