Industry Segments: Energy Page 3 / 8
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- October 5 2023
Miller signs Thai energy partnership with Central Insurance Services
Central will offer local servicing and Miller will provide help with consulting, risk engineering, reinsurance placement and claims.
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- October 5 2023
Asia fossil fuel risks grow in reliance on captives, smaller players and MGAs
With larger players shying away from coal cover, miners are turning to self-insurance and specialists, while oil and gas is still supported.
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- September 29 2023
WTW | A new way forward: Cutting through Asia’s coal conundrum
With power demand soaring and coal placements declining, fossil fuel plants and insurers must work in tandem to accelerate decarbonisation and ensure the region’s resilience.
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- September 26 2023
APAC carriers’ coal jitters sees excess capacity shift to renewables, gas
Regional (re)insurers are replacing ESG-hit premiums by increasing business from greener energy projects, potentially driving down rates.
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- September 18 2023
Charles Taylor takes Sedgwick’s Alan Page as executive adjuster, construction & engineering
Brisbane-based Page was previously head of engineering and resources for Sedgwick.
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- September 18 2023
Fast-changing renewable tech throws up underwriting challenges
In Asia Pacific, offshore wind and projects involving highly flammable gases like hydrogen are the hardest to secure coverage for as carriers choose to err on the side of caution given a lack of data.
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- August 30 2023
Sompo International hires Canopius’ Vicky Sarjeant to head APAC energy
Sarjeant will continue to be based in Singapore and report to Paul O’Neill, president of commercial lines, insurance, Asia Pacific.
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- August 23 2023
BHSI appoints senior underwriter – mining & energy in Sydney
Jonathan Hawkins was most recently property manager - mid-market for New South Wales at BHSI.
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- August 8 2023
Capacity challenge for Asia’s offshore wind market as nat cat, accumulation risks rise
Larger turbines, wind farms being created further offshore and more ambitious projects mean (re)insurers need to adapt quickly.
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- July 24 2023
HDI Global hires Nathan Jones as property, mining underwriting manager for western region
Perth-based Jones joins from Suncorp, where he worked for the past 13 years
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- July 18 2023
CNPC Captive’s COR improves 24 points to 71% on reserve releases: Moody’s
The rating agency affirming the captive's A2 rating noting that it has reduced exposure to cat perils after it ceased insuring some pipeline assets divested by CNPC.
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- July 11 2023
QBE launches full lifecycle renewable cover in Australia
The product will cover wind, solar, and battery storage facilities from construction to decommissioning and has plans to include hydrogen.
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- July 5 2023
Carriers move to support decommissioning of Asean energy assets
Power purchase agreements hammered over two decades ago are coming to an end in Malaysia, Brunei, Indonesia and Thailand, driving the need for insurance solutions.
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- June 15 2023
Carriers bet on APAC renewables despite losses
Underwriters await a market correction as regional investments in innovative projects such as floating solar panels increase.
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- June 12 2023
Miller strengthens Singapore energy team with WTW hire
Selinda Wu will relocate from Shanghai to accept the role of client manager and will report to Matthew Hooker, head of energy for Asia Pacific.
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- June 9 2023
Gallagher Australia recruits Richard Malton to bolster mining capabilities
Brisbane-based Malton joins from Marsh and is a mining sector specialist.
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- June 5 2023
Petronas’ captive could see further stress ahead, outlook negative: AM Best
Outlook for Energas Insurance, which had a COR of 106% for FY 2022, has been downgraded to negative by the rating agency.
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- May 11 2023
PI specialist ITIC targets Hong Kong and Singapore for regional expansion
The carrier is moving away from marine to aviation and offshore energy, Robert Hodge, head of South-East Asia, tells IAN.
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- May 5 2023
BHSI elevates Sydney-based Cameron Holmes to global role
Holmes will take charge as global underwriting officer, property for energy and construction.
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- April 20 2023
Korean P&C insurers falling short on oil and gas exclusions
While most of the insurers have started acting on coal policies, only Samsung has extended it to the petroleum industries.
