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The growing scale of projects is contributing to the need for more capacity.
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The new product will be led by head of special risks Ed Parker.
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The moves are the latest in a period of personnel upheaval in the energy market.
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The broker’s energy division has welcomed a string of hires in the past year.
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The energy liability market has seen a number of new entrants in recent months.
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Although talent movement in Q1 2024 was above Q1 2023 levels, personnel movement slowed in Q2 2024.
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The facility will provide coverage globally for blue and green hydrogen projects.
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The Mexican state oil company delivered the upstream market its largest claim in 2023.
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Richard Rudden left Fidelis MGU as head of energy transition in March.
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This publication reported in April that Alexandra Barnes had resigned from Beazley.
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The lineslip will be available alongside the MGA’s existing capacity.
