Line of business: Energy Page 3 / 9
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- July 30 2024
APAC renewables market to see tighter capacity, new tech and cat risks coverages: WTW
At the same time, the ongoing competition with new market entrants and potential for a La Niña year keep rates steady and parametric solutions are becoming more popular despite integration challenges.
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- July 30 2024
Sedgwick launches Asian energy claims solutions with two senior hires
Neil Best has been appointed as energy director while Liew Boon Tat joins as executive energy adjuster for major and complex loss in the loss adjuster's Singapore office.
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- July 30 2024
Asian renewables underwriting witnessing ‘positive shift’ in expertise and capacity
With more large-scale projects now “fully placed” in the region, the market needs to address regulatory and financing hurdles for local underwriting to flourish.
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- July 29 2024
WTW Indonesia appoints Aon’s Kemala Putri Anandyta to head its construction and mining business
In her new role, Anandyta will work closely with the Indonesia team and regional construction and natural resources teams.
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- July 26 2024
Opinion: China’s onshore oil & gas expansion throws spotlight on risks for insurers
With China's new exploration projects, questions remain over which (re)insurers will benefit at a time when the backlash against failure to exit from fossil fuels underwriting grows louder.
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- July 24 2024
London seeks to offer specialist capacity for ‘high-risk exposed’ Asia renewables
(Re)insurers are ready to step in to provide expertise for renewables in emerging regional economies as some of the capacity currently on offer is "naive".
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- July 17 2024
GCube backs BESS sector growth with a new US$100m Lloyd’s consortium
The consortium will also have six Lloyd’s syndicates as members, and will offer capacity to global attery energy storage system developers and asset owners.
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- July 11 2024
Asia carriers looking to extend renewables capacity as projects soar
Large and complex regional projects exposed to nat cat risks could still find it hard to secure insurance as they require specialist underwriting expertise from London markets.
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- June 30 2024
AIG hires Stephen Hanna as head of energy and construction, Pacific
Sydney-based Hanna joins after seven years at Chubb Insurance as ANZ manager, energy and technical lines.
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- June 19 2024
Qubit ventures beyond digital assets with new CUO for reinsurance
The Hong Kong MGA has hired reinsurance veteran Xu Long executive vice-president and will start offering marine and energy products from next month.
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- June 17 2024
Everest Australia hires Arthur Constantinou to head Pacific energy and construction team
Melbourne-based Constantinou was previously national underwriting manager-technical lines and complex risks at Zurich.
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- June 7 2024
Marsh takes Gallagher’s Christine Francis as mining practice lead for Asia
For her new role, Francis, who was most recently client manager - national mining team at Gallagher, will relocate from Perth to Singapore.
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- April 22 2024
MGA-led capacity set to enter APAC upstream energy market
Further capacity from both new underwriting agencies and existing carriers that have set up new ESG vehicles is expected to enter the energy market this year, according to the latest analysis by WTW.
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- April 8 2024
More dedicated specialist energy capacity pivotal for Asia risks
Although fac capacity is growing, there is still further need for complex areas such as offshore wind and nuclear risk, Aon’s Geoffrey Lambrou says.
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- March 15 2024
Chubb elevates Nikki Quain to New Zealand property manager
Auckland-based Nikki Quain will lead the strategy and growth for Chubb New Zealand’s property portfolio.
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- February 26 2024
Activists target Asian insurers lagging on climate action
A week of global action against insuring fossil fuels is on. In Asia, the campaigners will target Tokio Marine for a lack of meaningful restrictions on oil and gas, and the group's continuous involvement with the East African Crude Oil Pipeline.
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- February 21 2024
Taiwan’s green power credit guarantee to mitigate default risk, eases up project financing: Fitch
With reinsurance provided by the National Credit Guarantee Administration and backed by EximBank, the new credit guarantee scheme will facilitate financing to wind project operators, Fitch said.
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- February 20 2024
Opinion: When will the Asia hydrogen market lift-off?
Underwriters have yet to catch up with the pace of investment and the billions of dollars being committed to developing the emerging energy sector.
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- February 7 2024
Opinion: The Asia nuclear conundrum
Despite nuclear energy booming in all major APAC economies, the region has not yet adjusted to the new risk reality and there is a need for a capacity influx and capital markets-led solutions to cover the rapidly-changing risks.
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- November 8 2023
Energy pricing to remain elevated as risks stay put: WTW
Deteriorating loss ratios and increased reinsurance costs have put the brakes on any softening.
