The changing risk profile of energy risks should be driving rate increases, but high capacity in the marketplace and surprisingly few losses are keeping prices down, says a report from insurance broker Marsh.
The changing risk profile of energy risks should be driving rate increases, but high capacity in the marketplace and surprisingly few losses are keeping prices down, says a report from insurance broker Marsh.
For producers and carriers looking for opportunities in the energy sector, one word sums up where a lot of the growth is occurring: alternative. Click to read the perspectives of several of the top minds on Energy insurance and the forward edge of alternative energy.
Energi CEO Brian McCarthy speaks with PC360-NU about the structure and aspirations of his company as well as risk and coverage trends in many sectors of the vast Energy marketplace.
Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Friday said its third-quarter profit rose as strength in the railroad and utility businesses, as well as investment gains, offset weaker results in the insurance units.
Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Friday said its third-quarter profit rose as strength in the railroad and utility businesses, as well as investment gains, offset weaker results in the insurance units.
Patrick Lundy of Zurich discusses how policies are evolving with events such as the earthquake in Japan, which affected nuclear power, and government legislations, which can affect renewable and alternative energy.
One reason observers may be a little hesitant about conclusively calling a hardening market today is due to incorrect predictions of a market turn in 2008, when the financial crisis hit.