Lloyd’s Bolt: Offshore Energy Underwriters Aren’t ‘Robustly Managing Risks’
In a keynote speech at the annual Houston Marine Insurance Seminar Tom Bolt, Lloyd’s Director of Performance Management, told an audience of energy insurers that he is not convinced offshore energy...
View ArticleEnergi to Enter Canadian Insurance Market, Forms Energi of Canada LTD
Energi has formed a wholly owned subsidiary, Energi of Canada LTD and is entering the Canadian insurance market. Initially, Energi will offer its Energy Property Insurance Program along with Energi’s...
View ArticleOil Firm Agrees to Plead Guilty in North Dakota Bird Deaths
One of seven oil companies charged with killing migratory birds during drilling operations in North Dakota has agreed to plead guilty and pay $12,000. Slawson Exploration Co. Inc., of Wichita, Kan.,...
View ArticleTravelers Forms Clean Energy & Technology Practice
The Travelers Companies, Inc. have formed the Clean Energy & Technology Practice. This new practice offers clean energy and technology-focused insurance products, and risk and claim management...
View ArticleWTO approves Russia’s Membership after Marathon Meeting
Russia was admitted into the World Trade Organization on Friday after 18 years of negotiation, finally binding it into the global economy two decades after the Soviet Union collapsed. Russia’s $1.9...
View ArticleTravelers Broadens Coverage and Raises Limits for Oil and Gas Risks
Travelers Oil & Gas has enhanced its EnergyPro Control of Well Care, Custody and Control coverage by increasing limits and broadening coverage. More contracts for specialized oil and gas field...
View ArticleA. J. Gallagher Acquires Canadian Broker BenefitLink Resource Group
Arthur J. Gallagher & Co. announced the acquisition of BenefitLink Resource Group, Inc., in Calgary, Canada. Terms of the transaction were not disclosed. The bulletin said BenefitLink was...
View ArticleMelting Arctic May Redraw Global Geopolitical Map
This year’s frenzy of oil and gas exploration in newly accessible Arctic waters could be the harbinger of even starker changes to come. If, as many scientists predict, currently inaccessible sea lanes...
View ArticleWillis Global Energy Market Review Highlights 2011 Losses, Fracking Concerns
Willis Energy, a unit of Willis Group Holdings, released its “Energy Market Review” at conference held at its London headquarters last Tuesday. The review focused on industry losses, current capacity...
View ArticleMarketScout Adds Dalton as Energy Underwriter in Dallas
Dallas-based MarketScout, the national electronic insurance exchange and specialty MGA, announced that Jason Dalton has joined the firm as an energy production underwriter. Dalton has over 15 years of...
View ArticleChartis Names Macfarlane to Head UK Energy
Chartis announced the appointment of Tom Macfarlane to head UK Energy. He will report to Jacqueline McNamee, Executive Director, Commercial Lines UK and Alf Muller, Senior Vice President and Head of...
View ArticleACE USA Enhances International Casualty Coverage
ACE USA, the U.S.-based retail operations of the ACE Group, has enhanced its international casualty coverage, ACE ATLAS CMP. The coverage is specifically designed to provide coverage for U.S.-based...
View ArticleOhio Legislators Consider New Drilling Rules
Rules regulating oil and gas well construction, water handling, and the disclosure of chemicals used in drilling were ready to clear their final legislative hurdles on May 24 and head to Gov. John...
View ArticleGuy Carp’s July 1 Renewals Report: ‘Plentiful Capacity;” Low Insured Losses
According to a report from Guy Carpenter the July first reinsurance renewals “took place against a backdrop of plentiful capacity,” as capital “has continued to strengthen through the second quarter of...
View ArticleGlobal Special Risks Launches Liability Package for Energy Consultants
Global Special Risks (GSR), part of RSG Underwriting Managers, LLC, has launched a new liability package policy for energy consultants working primarily in the complex offshore/onshore and “fracking”...
View ArticleGSR Introduces New Liability Insurance Package for Energy Consultants
Global Special Risks (GSR), part of RSG Underwriting Managers, LLC, has launched a new liability package policy for energy consultants working primarily in the complex offshore/onshore and “fracking”...
View ArticleWorld Bank Head Warns No Region Immune to Europe Debt Crisis
World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains...
View ArticleRSA Appoints New Construction & Engineering Head
UK-based RSA has appointed Clive Harrington-Rutterford as Global Portfolio Leader for its Construction & Engineering (C&E) business within its Global Specialty Lines (GSL) unit. He will be...
View ArticleHartford Steam Boiler, EnergySavvy to Help Homeowners Reduce Energy Costs
The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, is working with EnergySavvy, a software provider of energy management technology, to develop tools that help customers...
View ArticleJones Joins Alliant Insurance Services in Houston
Newport Beach, Calif.-based specialty insurance brokerage firm, Alliant Insurance Services, announced that Jerry D. Jones has joined the company’s Energy and Marine Group in Houston as senior vice...
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