renewable energy News

Sciemus Partners with HSCM Bermuda and Is Renamed Argon Underwriting

Sciemus, a specialty Lloyd’s MGA, is forming an investing partnership with HSCM Bermuda, a firm that invests in reinsurance and insurance-linked assets across all lines of business. The deal also calls for Sciemus to change its name as it evolves …

Taiwan Power Crisis a Growing Concern for Local Industry: Opinion

I was having dinner with a friend in downtown Taipei on Tuesday night when the electricity went off for the second time that day. Workers accidentally shut off the supply of natural gas to a single power generator just a …

Taiwan Power Outages Disrupt Some Semiconductor Manufacturing

A blackout caused by a blunder at Taiwan’s biggest gas-fired plant is the latest challenge to an electricity grid recently pushed to its limit and to President Tsai Ing-wen’s efforts to reshape the island’s power mix. A combination of unusually …

AXA Joins Growing List of Companies Committed to Using Renewable Energy

AXA SA and Burberry Group Plc are joining an array of companies committing to going green. Burberry expects to source all of its electricity from clean energy by 2022, while Copenhagen-based international brewing company Carlsberg A/S plans to switch to …

Source of Clean Energy? Wind Turbines Are Spilling Oil in Mexico

Wind turbines were planted along a strip of Mexico’s southern coast to make the country’s power industry cleaner. Now they’re spilling oil. In the town of Juchitan last month, a clean-up was under way around a generator owned by Electricite …

European Insurers Look to Hoarding Cash After Brexit Vote

Investors will consider hoarding cash in vaults as government bond yields fall deeper into negative territory following the U.K.’s vote to leave the European Union, according to Talanx AG, Germany’s third-biggest insurer. “Storing physical cash as an alternative to paying …

Energi of Canada Offers P/C Energy Programs in West & Atlantic Canada

Energi of Canada has launched property & casualty programs for energy business in parts of Western and Atlantic Canada. The new energy programs provide risk management solutions and insurance offerings for energy related risks in the following segments: Fuel distribution …

North Carolina-Based Duke Energy to Turn Pig Poop Into Power

Duke Energy Corp. announced plans to expand its renewable energy from livestock waste, adding poop power to investments the country’s largest electric company has made in whirring wind turbines and acres of solar arrays. The Charlotte-based utility said it contracted …

Fossil Fuel Divestments by Insurers & Other Investors Top $3.4 Trillion: Activists

Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of their money out of fossil-fuel companies — a high-water mark for the divestment movement, according to climate-change advocates. The number …

Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO

Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment. Europe’s largest insurer plans to exit holdings in mining companies and utilities that derive more than 30 percent of their …