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Coverage restrictions in renewables are increasing risk for investors. -
The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.
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The renewables market has seen perils such as hail deliver repeated claims.
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Michael O’Neill has been promoted to onshore power and renewables underwriting manager.
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Former Chaucer natural resources head James Brown joins as an advisor.
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The Moss Landing facility has previously faced major claims.
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Robin Hamilton has been appointed head of energy and marine liability.
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Several Marsh energy staff have defected to WTW over the past 18 months.
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It is understood that supporters include Munich Re and Brit.
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The upstream market is now in softening territory, with capacity still abundant.
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Energy has been one of the busiest lines across the market for staff turnover this year.
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It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
