Power
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The recruit has also worked for Arch, Swiss Re, QBE and others.
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The hail which hit Texas in early summer 2022 alone resulted in solar losses estimated to exceed $300mn.
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The hires come amid a personnel expansion at Lockton, which brought in 1,200 new staff last year.
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The underwriter will also play a part in upskilling upstream underwriters with knowledge of renewables.
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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.
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Both brokers join the specialty energy unit from Ed Broking.
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Nat cat and extreme weather claims have become more frequent and severe with hail, heavy rain and wildfires leading to significant losses.
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In a second hire within the broker’s offshore wind team, Sarah Burston returns.
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The large number of “unwinterised” assets in the north of the state could lead to a slew of claims.
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The organisation charts record progress in meeting its seven key principles.
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Tom Harries and Robert Bates join from Bloomberg and Miros, respectively.
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Sophie Irvine was the only renewable energy underwriter left after Canopius’ Netherlands-based team left the business last year.
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They are the latest in a spate of renewable energy hires, which the broker has been growing over the past year.
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The partnership will aid the MGU’s international expansion with Generali GC&C UK leading a consortium to back its growth.
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The sanctions will further complicate the delayed construction of the 2,460 km pipeline between Russia and Germany.
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The business segment, which includes HDI Global Specialty, has already exceeded its full-year large loss budget.
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Guido Benz will join the business next spring and report to Lee Meyrick
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Maarten Mulder, Martijn Meijboom, Bart Leijssen and Arnout Bijl have left the carrier to join the MGA.
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The executive joins as head of offshore renewable energy following the MGA’s takeover by Tokio Marine HCC.
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Tom Baker will become the carrier’s first ever global head to be based in Asia.
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Pacific Gas and Electric Company (PG&E) has received approval from the California bankruptcy court for an $11bn settlement with insurers related to wildfire losses in 2017 and 2018.
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Warren Diogo will head up the London-based team and focus on wind and solar risks.
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Willis Towers Watson’s global head of broking for natural resources, facultative, James Goodwin is to join Guy Carpenter’s facultative reinsurance division (GC Fac).
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Joanne Silberberg will be Canadian renewable energy leader and Dan Gumsley will be a UK account manager.
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The broker notes a swift transition after years of soft conditions.
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The broker has the biggest book in the offshore wind market, according to sources.
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The deal comes as renewable energy rates continue to harden.
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Hardening market conditions are providing opportunities, the broker says.
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GCube specialises in marine, property, liability and political risk cover for the renewable energy market.
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The MGA was unable to secure capacity for the three classes for 2020.
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The broker will initially focus on Asia, Europe and the US.
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At this week’s UN climate change meeting in Madrid delegate countries will discuss how to meet their Paris Agreement commitments. Next year they will be required to stump up specific plans at a crunch summit in Glasgow.
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London head of P&C and construction Garret Gaughan said there will be more hires to come in the new year.
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The facultative portfolio includes power, property and renewable energy.
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Rates and deductibles are increasing and wordings are under scrutiny as market reacts to losses.
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Prices in the downstream sector continue to surge as losses pile up.
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