Energy

The Fidelis IPO has no clear precedent, but there is an appetite for investment in the specialty space, as seen earlier this year with the Skyward public listing.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Highlander has $300mn of insurance coverage, placed by Ed Broking and led by Munich Re Syndicate.

Human rights groups have issued a complaint to a US mediation body alleging that Marsh has violated OECD guidelines for corporate standards.

The book of business was performing poorly, and was exposed to major claims from the 2021 Huntington Beach oil spill in California.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The settlement is welcome news for the loss-hit downstream market, where there were fears of a claim as high as $1.3bn.

Former renewables head Hamish Roberts has moved to work as growth leader for the broker in the UK and Ireland.

The broker warned that more insurers will restrict or drop oil and gas business in the coming years.

The hail which hit Texas in early summer 2022 alone resulted in solar losses estimated to exceed $300mn.

The carrier will no longer invest or insure contracts and projects directly relating to new oil and gas fields, new midstream oil infrastructure and new oil-fired power plants.

Loss activity is escalating in the class of business, leading underwriters to question rate softening.