Reactions cover

Since its 1981 inception as a traditional London market reinsurance magazine, Reactions has evolved to meet the fast changing information needs of the global insurance and reinsurance market.

Uptake rising for euro environmental liability

More multi-year purchases and higher limits are being bought on European environmental impairment liability policies, Marsh has said, but prices are still soft. Uptake of environmental impairment liability (EIL) insurance has risen in Europe, Marsh has reported...

Bleak outlook for offshore energy - IUMI

The offshore energy sector is caught between a lower premium base, and peak exposures, the International Union of Marine Insurers has said. The offshore energy insurance is threatened by falling premium prices, and critical overexposure, according to...

Upstream energy: between a rock and a hard place

The upstream/offshore energy market is caught between soft reinsurance rates and pressure on clients suffering from the oil price plunge. Nowhere else in the re/insurance sector is the mismatch between supply and demand so pronounced than within the offshore energy business...

Lockton sees hope at end of oil tunnel

Collapsing oil prices will rebound at some point and re/insurers will stand to benefit, according to Lockton. While the global collapse of oil prices has taken its toll on the world economy and its associated re/insurance market, Lockton believes there will be...

Charles Taylor Adjusting appoints energy MD

John Donald will be managing director of Charles Taylor Adjusting’s energy business in London, Europe and Singapore. Charles Taylor Adjusting (CTA) has appointed John Donald as managing director of its energy loss adjusting business in London, Europe and Singapore...

XL Catlin adds four to global energy team

Four senior hires have been added in Europe and the US to XL Catlin’s energy underwriting team. XL Catlin’s global energy underwriting team has received four new senior hires. Wayne Jacobson, Joseph Tina, Helen Watkinson and Denise Dass-Hewitt all join the insurer...

Axa and Chaucer partner for Africa JV - FREE

French insurer Axa has teamed up with Lloyd’s market specialty insurer to break into Africa’s specialty insurance market. Axa Africa Specialty Risks has been formed as a joint venture with Chaucer to write political risk, energy and infrastructure and other specialty lines business...

Broker warning on energy mkt

The “bleak outlook” for energy insurers could lead to players exiting the market, warns Willis Towers Watson. Willis Towers Watson has issued a warning to energy underwriters, suggesting their "bleak outlook" will lead to withdrawals from the market. An over-supply of capital and falling demand...