Global specialty insurer Mosaic Insurance has opened its first Asian office in Singapore and hired two specialty underwriters to build its transactional liability business across the Asia-Pacific region.
The credibility risks for most carbon credits have been rising over the last few months according to a new report by Sustainable Fitch.
Gallagher yesterday announced it is launching energy and power risk services for clients in the Middle East.
One of the biggest supply chain risks of 2023 is the worsening of the global semiconductor shortage according to a new survey.
Bermuda-based Stellar Insurance, an indirect wholly-owned captive insurer of Saudi Arabian Oil Company (Aramco), has reported strong operating results over the past five years, mainly driven by robust underwriting profits in the absence of large losses, as evidenced by a five-year (2017-2021) weighted average combined ratio of 14.6%, notes AM Best.
Societe Centrale de Reassurance (SCR), the reinsurance arm of Morocco's state-owned CDG Group, has entered into a partnership with Africa Specialty Risks (ASR), a pan-African reinsurer to expand its regional operations.
A consortium of 22 insurance companies in Tanzania has been formed to work on significant oil and gas projects, including the $30bn Lindi's Liquefied Natural Gas (LNG) project and the $3.5bn East African Crude Oil Pipeline.
Charles Taylor Adjusting (CTA), an international loss adjusting business, has expanded its Natural Resources capability in Asia with the opening of a new office in Vietnam. This strategic expansion allows CTA to offer technical loss adjusting services across mining, power and energy business sectors, with a focus on renewable energy, both onshore and offshore, not only in Vietnam but also across the wider Greater Mekong sub-region including Cambodia, Myanmar and Laos.
The World Energy Outlook 2022 released by the International Energy Agency (IEA) reveals that the war in Ukraine has accelerated the world's transition to cleaner energy sources.
Specialty insurer Fusion has appointed Ms Hui Ling Wong as senior partner and Ms Yen Lin Ee as partner in mergers and acquisitions underwriting - both previously from Aon.