Energy market sources have said the payout for a business interruption (BI) claim relating to Husky Energy’s White Rose oil field is looking doubtful, although a lengthy legal wrangle over the loss could ensue.
Defence contractor Chemring has confirmed that it has received a £13mn ($17mn) payout on its insurance claim for an explosion at the firm’s plant near Salisbury in the UK last August.
Marsh & McLennan Companies (MMC) has put the majority of its UK-based staff at Guy Carpenter and the recently acquired and merged JLT Re operation under consultation as it seeks to make efficiency savings in its reinsurance businesses.
Lloyd’s has taken the first steps towards a multi-level framework of supervision for syndicates, with top performers likely to benefit from less oversight and greater control over their business plans.
The DRC’s liberalised insurance sector has been slow to attract foreign investment, not least due to the country’s political instability, but change is afoot
With the UK construction industry experiencing mixed fortunes, appetite for underwriting trade credit risks is on the rise, but do market conditions match carriers’ expectations?
Marsh-JLT Specialty suggests movement on upstream energy rates is likely to be slight in 2019, but could the “gentle market upswing” described by Willis Towers Watson turn into a full-blooded push-back?
The offshore wind sector appears to be entering a new stage of its development as a number of countries seek to reduce their carbon emissions from conventional power generation via renewable sources of energy.
New Zealand is looking to move beyond “no-go zones” as the market adjusts to a heightened view of earthquake risk and building codes come under greater scrutiny, finds Helen Yates
Central and Eastern Europe offers some tempting opportunities for the facultative market, if only it can stay in front of the treaty express, writes David Benyon
Eight years on from the Thai floods, property reinsurance rates on line have slid in a market characterised by overcapacity and short memories, finds Helen Yates
There has been a shake-up within the Lloyd’s bloodstock market following Neon’s exit and a spate of losses but how long will the correction last, wonders Helen Yates
Present market conditions mean fac brokers need to be more than just ‘postboxes’ and work harder to understand clients’ risks, says Capsicum Re’s Malcolm Payton
The insurance market supertanker is slowly changing course, but more innovation and less duplication is needed to keep Lloyd’s relevant, argues Munich Re Syndicate’s Dominick Hoare
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SECTOR PROFILE: Fine art and specie
Protecting the world’s fine art and specie exposures remains a profitable niche for the London market, David Benyon reports