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The move follows another recent energy-related departure from Willis, with news that McGill and Partners had hired former upstream energy broker Ian Elwell. -
Account wins include Swedish steel manufacturer SSAB and iron ore producer LKAB, both won from Aon.
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Charlie Richardson will work as head of renewable energy underwriting, as previously reported by this publication.
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Sources say the insurance industry will not walk away en masse from existing clients.
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The renewables underwriter said the sector was suffering from broad terms, high claims and new entrants from the oil and gas sectors.
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OPEnergy will be the second MGA to launch on the platform this year, after Navium Marine was founded in April.
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Flat rates are expected in upstream whilst insurer appetite is picking up in the downstream market.
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People movement is picking up in the sector, which is experiencing broadly stable rating thanks to ample capacity.
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The broker places energy business across upstream, downstream and renewables with a team led by Tim Fillingham.
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The landmark project will provide renewable solar power to the cities of Darwin and Singapore.
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Marsh has bolstered its upstream energy division with the appointment of Thomas Burrows from Convex, Insurance Insider has learned.
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If rising prices are not addressed in insurance policies, gaps could leave energy sector players uninsured as asset values exceed insurance limits.
