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New Nuclear is currently raising capacity, with an eye to launch in 2026. -
The class of business has shouldered claims totalling over $4bn this year.
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Simon Mason will continue to support the business through the upcoming reinsurance renewals.
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The MGA has expanded its suite of products since launching last year.
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Loss activity in the upstream market remains benign, adding to softening.
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Insurers must avoid being a “blocker” in development and financing decisions.
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Volt was launched in October 2024 to support clients through the energy transition.
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The latest guide is the first in a two-phase programme with a practical guide to follow.
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The power market is experiencing double-digit rate reductions.
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Longbrook Insurance will write multiple lines of business.
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The energy broker’s career also includes a stint at Price Forbes.
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The hire follows the departure of David Martin to GIC Re Syndicate.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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The Ryan Specialty renewables MGA launched an international arm last year.
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The underwriter has worked for Markel in Singapore since 2020.
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Jo Smart has worked for Torus and Aegis during his two decades in the market.
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High capacity is adding to competition in the upstream energy space.
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New sources of capacity lack the expertise to service rapidly developing clients.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Small modular reactors are increasingly viewed as a means of meeting surging energy demand.
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The London broker has also recently hired Michael Lohan from Lockton.
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Dale Underwriting recently pulled out of standalone offshore energy business.
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Plus, the latest people moves and all the top news of the week.
