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.
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.
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.