Amboss Underwriting Assumes Oilfield Insurance Agencies’ Downstream Portfolio April 29, 2024 Zurich-based Lloyd’s coverholder Amboss Underwriting has assumed the portfolio of the Zurich branch of Oilfield Insurances Agencies. Effective April 17,...
Investment Deficit Puts Planet on Path to Miss 1.5C, Study Finds April 5, 2024 By Natasha White A lack of investment in green energy has left the world on track to overshoot the 1.5C temperature increase that...
AXIS Capital’s Syndicate 2050 Gets Full Lloyd’s Approval to Begin Underwriting March 5, 2024 AXIS Capital Holdings announced it has received full approval from Lloyd’s to begin underwriting from April 1, 2024. AXIS first...
AXIS Gets In-Principle Approval to Launch Energy Resilience Syndicate at Lloyd’s December 14, 2023 AXIS Capital Holdings Ltd. announced it has received in-principle approval from Lloyd’s to launch a syndicate that will focus on...
Nations Strike Deal at COP28 to Transition Away From Fossil Fuels December 13, 2023 By Valerie Volcovici, Gloria Dickie and William James Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil...
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says December 6, 2023 By Tope Alake Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance....
Wind Power Industry Hit by Perfect Storm of Supply Chain Delays, Design Flaws, Costs September 28, 2023 By Nina Chestney A perfect storm of supply chain delays, design flaws and higher costs in the offshore wind industry has put dozens...
Ariel Re Relaunches Clean Energy Division, Focusing on Tech Performance Insurance September 27, 2023 Ariel Re, the Bermuda-based re/insurer, has relaunched its Clean Energy division as “Ariel Green,” in recognition of the increasingly crucial...
Siemens Energy Investigates Wind Unit With Twin Taskforces July 10, 2023 By Wilfried Eckl-Dorna Siemens Energy AG has established an internal taskforce and supervisory board committee after a string of quality problems with its...
Siemens Energy’s Turbine Troubles Rattle Wind Sector July 7, 2023 By Christoph Steitz and Nina Chestney Siemens Energy’s disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering...