Gallagher vs Ardonagh: Chilton weighs in on “underhand tactics”As the war of words continues between Gallagher’s London wholesaler Alesco and subsidiaries of the Ardonagh Group, industry heavyweight and former Gallagher UK CEO Grahame ‘Chily’ Chilton said he was both “shocked” and “surprised” that two employees would pass over sensitive information to rival firms.
Alesco launches $3.5bn Equatorial Guinea upstream energy reinsurance facilityGallagher-owned Alesco has launched a reinsurance facility for all international upstream energy insurance programs written from Equatorial Guinea.
LSM promotes Sankey to global oil and gas headLiberty Specialty Markets (LSM) has promoted Paul Sankey to global head of oil and gas.
Willis Towers Watson names Hiles power and utilities headWillis Towers Watson has named Mark Hiles head of power and utilities for the Central and Eastern Europe, Middle East and Africa (CEEMEA) region.
China Re launches Lloyd’s renewable energy consortiumState-back reinsurer China Re has launched a renewable energy reinsurance consortium at Lloyd’s which will focus on cover for the construction and operation of offshore wind farms in mainland China.
Arch hires Travelers’ Boquist to lead new admitted energy platformArch has launched a new business unit to provide admitted middle market insurance solutions to energy companies in North America.
QBE pulls back on Lloyd’s Asia platformQBE has revealed it will cease trading marine, energy, political violence and terrorism on the Lloyd’s Asia platform by the end of the year.
Qatar Re closes curtain on energy book as retrenchment continuesQatar Re has exited the energy market as the carrier continues to streamline its business.
Downstream energy losses trumped capacity by $2bn in 2018: JLTThe downstream energy market was hit with a loss bill of $3.75bn last year, outstripping the premium pool for the class by more than $2bn, according to JLT.
Canopius, BMS unveils London energy hiresLloyd’s insurer Canopius has confirmed the hiring of Beazley’s deputy head of energy Rachel Sabbarton to replace veteran Geoff Tin.
Alesco names RKH’s Smith managing partner of energyGallagher-owned specialist broker Alesco has named Jonathan Smith as managing partner of energy, replacing Simon Clarkson who is promoted to deputy chairman of the division.
Insurers win final appeal on $470mn Noreco energy lossThe energy insurance market has swerved a $470mn loss as a nearly decade long legal battle drew to a close yesterday, Re-Insurance understands.
Alesco bolsters energy division with Miller hireLondon market wholesaler Alesco has hired Steve Dewey from rival firm Miller.
BMS continues energy team build-out with more Price Forbes hiresLondon wholesaler BMS has continued to build out its nascent energy insurance team with three more hires from rival Price Forbes and a fourth addition from JLT.
IGI taps Axis for downstream energy underwriterMiddle Eastern carrier IGI has strengthened its energy offering with the appointment of James Green as senior underwriter for downstream energy.
Insurance industry playing catch-up to cover corporate risksCarriers remain behind the curve when it comes to developing products that buyers want, according to Adriano Bastiani, head of casualty facultative at Munich Re.
Price Forbes bolsters power team with trio of hiresWholesaler Price Forbes has grown its power, utilities and nuclear team with a trio of hires including former Marsh managing director Simon Howell, re-Insurance.com understands.
Lockton takes Willis Re’s Ridge as marine and energy reinsurance bossIndependent broker Lockton has hired Jerry Ridge from Willis Re to head up its global marine and energy reinsurance division.
Liberty’s long-serving marine and energy underwriter Pursey departsLiberty Specialty Markets’ global manager for energy exploration and production, Richard Pursey, has left the carrier, re-Insurance.com can reveal.
Lloyd’s targets seven loss-making classes in new £6.4bn crackdownLloyd’s has instructed its managing agents to provide quarterly reports and an “action plan” on the underwriting performance of seven under-performing classes of business as part of a wider initiative to improve the market’s poor results, re-Insurance.com can reveal.