Insurance Jottings

Laura churns across US$56 billion offshore energy assets: Skytek

Hurricane Laura’s path to a US landfall has taken it through an area that has 533 offshore energy assets with estimated exposed value of US$54 billion, as well as 81 windfarms with estimated exposed value of US$1.7 billion, according to tracking software company Skytek.

Monument Re acquires Charles Taylor’s Isle of Man operations

Monument Re has reached an agreement to acquire Charles Taylor Group’s Isle of Man businesses.

Lloyd’s sets dates for 2020 capacity auctions

Lloyd’s has announced the dates for this year’s capacity auctions, which will take place in October and November.

The first will begin on 21 October, with subsequent auctions starting on 28 October and 4 November.

Storebrand dumps fossil fuel holdings over climate change lobbying

Norwegian insurer and financial services firm Storebrand is divesting from some of the world’s largest fossil fuel firms including Exxon, Chevron, Rio Tinto and BASF.

Suncorp to end coverage for oil and gas industry

Australian insurer Suncorp is to stop financing or insuring the oil and gas industry by 2025, adding to the group’s existing ban on support for new thermal coal projects.