Energy
-
The broker said the last three years of hardening had led to a “substantial technical correction”.
-
Gardner was previously at Marsh for nearly three decades, holding a variety of leadership roles.
-
The consortium has been developed by Chaucer, Markel and Munich Re Syndicate, and has a maximum working capacity of $100m per project.
-
The underwriter will also play a part in upskilling upstream underwriters with knowledge of renewables.
-
Account wins include Swedish steel manufacturer SSAB and iron ore producer LKAB, both won from Aon.
-
Charlie Richardson will work as head of renewable energy underwriting, as previously reported by this publication.
-
Sources say the insurance industry will not walk away en masse from existing clients.
-
The renewables underwriter said the sector was suffering from broad terms, high claims and new entrants from the oil and gas sectors.
-
OPEnergy will be the second MGA to launch on the platform this year, after Navium Marine was founded in April.
-
Flat rates are expected in upstream whilst insurer appetite is picking up in the downstream market.
-
People movement is picking up in the sector, which is experiencing broadly stable rating thanks to ample capacity.
-
The broker places energy business across upstream, downstream and renewables with a team led by Tim Fillingham.
Most Recent
-
Conduit Re predicts shortages in cat coverage in 2022
19 January 2022 -
Tokio Marine Kiln to sell $125mn TMH construction book
19 January 2022 -
Marsh vice-chair Drummond-Brady to step down
19 January 2022 -
Samphire gets regulatory approval to start trading
19 January 2022
