Category Archives: Energy

Using a Broker as a Sophisticated Risk Partner: 3 Energy Risk Managers Speak Out

energy risk managers

Energy companies around the world are increasingly adopting more sophisticated approaches to managing their risk.  No longer is simple insurance purchase the key driver of their risk management strategy; instead they are increasingly using captive insurance companies, adopting more sophisticated … Continue reading →

Scariest Risks of 2014

Scariest risks 2014

As risk advisors, WillisWire bloggers tend to think less of ghouls and goblins during the Halloween season than of the frightening real risks our clients face. This year they faced more than their share of new ones, with ISIS, Ukraine, … Continue reading →

Energy Insurance Market is Not Truly Soft

Oil Refinery (offshore)

In this short video for I explain why I don’t believe the global energy insurance market is truly, what we would call ‘soft’ – i.e. very broad coverage for buyers at very low premium rates. I go on to … Continue reading →

A Softer Energy Market in 2014?

Petrochemical Refinery

In the absence of major catastrophe losses last year, energy insurers will be under pressure to compete more vigorously in both the upstream and downstream markets for preferred business in 2014, while the excess liability market place remains challenging. In … Continue reading →

North American Insurance Buyers Facing Improved Market Conditions

Marketplace Realities: 2014

Property insurance rates are coming down, and the upward rate pressure on many other lines of business is easing. This is the word from Willis North America’s Marketplace Realities, the longstanding semiannual publication predicting price movement and key trends for … Continue reading →

Scariest Risks of 2013

Scariest Risks

Halloween season always puts us in a dark frame of mind here at WillisWire, reflecting not on ghosts and goblins but on all the scary risks we help our clients prepare for.  This year, 18 of our bloggers submitted the … Continue reading →

Why the Smart Money is on Softer Energy Insurance Markets Later This Year

Oil Rig with Northern Lights

Why have we stuck our neck out in our recent EMR Newsletter and suggested a further softening in the global energy insurance markets? Continue reading →

Spotlight on Cyber – Computer Dependence Means Cyber Risk

World Cyber Risk

There’s no doubt that cyber risk has a major impact on the energy industry. Continue reading →

SPOTLIGHT ON CYBER: Is Any Industry Safe?

World Cyber Risk

It may be time to add a new item to life’s certainties: Death, Taxes and Hackers. Our interconnected, online world continues to push the envelope of productivity and convenience, while at the same time decreasing privacy and security. Our special … Continue reading →

Five Key Questions Answered by our Energy Market Review in 2013

Energy Pipes

We’ve just published our Energy Market Review for 2013, packed full of interesting material from the upstream, downstream, construction, liability and terrorism markets. It’s difficult to summarise 85 pages of analysis, data and information in a single blog post. But … Continue reading →