Marine

Allianz Global Corporate & Specialty (AGCS) has promoted Anthony Vassallo to lead downstream energy underwriting at its London regional unit.

A group of insurers and technology companies have set up a marine insurance platform built using blockchain software and positioned it to begin doing business at the start of next year.

From the flood-drenched streets of Houston to the casinos of Monte Carlo, one question on every energy underwriter's mind right now is what impact Harvey will have on rates.

Harvey will cause substantial losses in the energy market, though the upstream sector appears to have escaped major claims.

Flood damage from Harvey has crippled several Texan refineries and industrial complexes, with explosions reported from an Arkema chemicals facility.

A fire at a state-owned Abu Dhabi oil refinery in January now looks set to cost (re)insurers well over $1bn, biting into an excess layer with a large AIG line, The Insurance Insider can reveal

Munich Re Syndicate has created a new product which incorporates cyber cover with the insurance it offers to upstream and midstream energy clients.

An oil tanker and a US destroyer have crashed off Singapore, the latest in a series of collisions between a US Navy vessel and a merchant ship.

Navigators has promoted Patrick Milner to become president of its NavTech unit, which underwrites upstream and downstream energy as well as a host of other technical risks.

Specialist broker Alesco Risk Management Services has made its fifth energy appointment this month after recruiting Bob Choppen, a deputy managing director of energy at Willis Towers Watson

AJ Gallagher's wholesale arm Alesco Risk Management Services has made a quartet of hires in its energy division

A cohort of hull underwriters led by Aspen have lost their appeal to sue the banker of Turkey-based Kairos Shipping in an English court to recoup a $22mn payment for a ship that was later judged to have been scuttled.