Energy
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The large number of “unwinterised” assets in the north of the state could lead to a slew of claims.
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The step is the latest in a flurry of initiatives companies in the insurance sector are taking to combat climate change. -
Opportunistic insurers are charging rate rises of up to 400% on excess layers amid a shortage of capacity.
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The new recruits are the latest in a raft of appointments to the new business division.
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Hardening trends in other classes and ESG concerns will test insurer confidence in the sector.
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The MGA has made a number of key hires in the region since its acquisition by Tokio Marine HCC.
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The sanctions will further complicate the delayed construction of the 2,460 km pipeline between Russia and Germany.
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Peter Draper was AFL’s international property and energy director, and before that worked at UIB for 13 years.
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The Tokio Marine HCC MGA takes Zoe Massie from AGCS and confirms the hire of Talbot’s Joshua Cantwell.
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Co-founders include former Lockton executive Bill Kost.
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The Aon Global Energy chief commercial officer’s move reflects continued strong interest in the broking sector among financial investors.
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Reports from operators suggest minimal damage to assets, most of which will be covered by retentions.
