Energy
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An abundance of capacity is leading to price reductions in the downstream sector. -
Debenport joins the energy practice within NFP's specialty business.
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The platform will be launched with the support of listed energy company NextEra, with paper provided by its captive Palms Insurance.
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Challenging loss activity for battery storage projects has led to a capacity contraction in the sub-sector.
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It is understood that the account includes oil platforms, crude barrels and 12 vessels, and is one of the largest accounts in the South American country.
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Clients face under-insurance for BI if their coverage is not adjusted to reflect energy price rises.
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The Peruvian government is suing Spanish oil company Repsol over the January incident which affected 700,000 residents.
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Helmed by former Aon global energy chief Bill Farnan, the Houston-based company sees AN opportunity as public companies lean away from oil and gas.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The scale of the claim deals a substantial blow to the subsection of the energy market, but is not as large as first feared.
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The broker said there was “genuine pressure” for downstream rate reductions, whilst renewable rate rises were single digit.
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Dunbar’s appointment will enable the company to further enhance its exceptional client service and spearhead new business initiatives.
