Energy

Rating is now bifurcated, with clean risks securing 12.5%-20% increases and more loss-impacted risks seeing 25% -40% hikes.

Offshore construction business can attract rates of up to 75%, compared with 5% rises in exploration and production.

Gallagher is the broker for Indonesian state oil firm Pertamina, with AIG and Axa XL understood to participate.

The Nuclear Electric Insurance Limited subsidiary is targeting US E&S and looking to write business from April.

Covid-19 losses materially impact the property market, but the marine, aviation and transport segment returns to profit.

The reinsurer accelerates its retreat as part of a new set of targets to achieve net-zero emissions by 2050.

More customers and investees are in dialogue with the carrier over sustainable energy concerns.

Nat cat and extreme weather claims have become more frequent and severe with hail, heavy rain and wildfires leading to significant losses.

The need to secure rate increases will be countered by the financial pressures faced by policyholders.

In a second hire within the broker’s offshore wind team, Sarah Burston returns.

CEO Amanda Blanc claims a world first with a plan that includes underwriting curbs on companies making more than 5% of their revenue from coal from the end of this year.

The P&I club says it increased its market share across all other lines, including hull and energy.