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Energy casualty rates rise around the...

July 30, 2010

THE fallout from the Deepwater Horizon disaster is causing rates for offshore energy casualty business across the globe to increase. The Lloyd’s and London markets are the global leaders in writing energy business, and as such, the trends that dominate these two markets tend to be replicated in other markets across the world. After the Deepwater Horizon went up in flames in April, causing an oil spill to pour out into the Gulf of Mexico, insurers in London’s square mile pushed up their rates for energy casualty cover, and according to Peter Leahy, Lockton’s managing director for energy, the rest of the world has followed suit: “Anything of any size comes into London – that dominance of the London market has meant that while there are exceptions to the rule, [the market] is hardening. If it’s wet and offshore oil and gas...

Catlin lead on Airbus 321 Islamabad crash

July 28, 2010

LLOYD’S insurer Catlin is believed to be the lead insurer on the Airbus A321 aircraft...

Cow dung costs Irish insurer more than E1m

July 07, 2010

IRISH insurer FBD has paid out more than €1m to a young motorcyclist left permanently...

Fraudulent car crashes up in Florida

June 28, 2010

INSURERS have embarked on a campaign to raise awareness about the growing number of “deliberate...

Argo hires Moffatt for accident and health

June 17, 2010

ARGO INTERNATIONAL has hired John Moffatt as class underwriter to lead its accident and health...

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