AXA XL Taps SCOR’s Croese for Energy & Construction Team, APAC & Europe; Berkshire Hathaway Specialty Insurance Promotes O’Neill and Reddin in Ireland

This edition of International People Moves details appointments at AXA XL Insurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. AXA XL Taps SCOR’s Croese for Energy & Construction Team, APAC & Europe AXA XL Insurance has appointed Olivier Croese as product leader, Energy & Construction – APAC & … Read more

Gallagher Promotes Raven to CEO of Energy Team; SiriusPoint Names Heerasing Active U/W of Lloyd’s Syndicate; WTW Hires 3 Execs for Natural Resources

This edition of International People Moves details appointments at Gallagher, SiriusPoint and Willis Towers Watson (WTW). A summary of these new hires follows here. Gallagher Promotes Raven as CEO of Energy Practice Gallagher has made a key new appointment in its Specialty leadership team, promoting Julian Raven to the role of CEO of its energy … Read more

With G20 members, India to address debt, food, energy security: Jaishnakar

As India assumes the Presidency of the G20, External Affairs Minister S Jaishankar on Saturday said New Delhi will work with the group’s other members to address serious issues of debt, food and energy security, even as he noted the concerns about stability and security in the Indo-Pacific region. As we begin … Read more

Ukraine conflict aggravates food and energy inflation, says Jaishankar

External Affairs Minister S Jaishankar said on Saturday that the conflict in Ukraine has aggravated food and energy inflation to make it one of the biggest challenges of our times. In his address here on a special India@75′ Showcasing India-UN Partnership in Action’ event, Jaishankar said India today envisions itself as a … Read more

Scholz Says Energy Crisis Presenting One Hurdle After Another

Article content Germany is facing one challenge after another in responding to the energy crisis unleashed by Russia’s war in Ukraine, Chancellor Olaf Scholz said. Article content “We have made far-reaching decisions in Germany since the beginning of the year, ensuring that we can secure the supply of coal, oil and gas,” Scholz said in … Read more

Equinor Seen as Important Partner for Poland’s New Energy Group

Article content Equinor ASA, the Norwegian energy major, could be an “important partner” for the power, oil and gas giant that Poland is creating from state-controlled companies, according to Daniel Obajtek, the chief executive officer of refiner PKN Orlen SA. Article content Poland selected Orlen, central and eastern Europe’s largest refiner, to become the consolidator … Read more

Energy is the week’s worst stock sector as U.S. crude drops below $80 (NYSEARCA:XLE)

SlavkoSereda/iStock via Getty Images Energy was this week’s biggest S&P sector loser, as U.S. crude oil slid more than 7% to its lowest since January, succumbing to rising recession fears that pressured financial markets while contributing to further gains by the U.S. dollar. The WTI and Brent benchmarks both posted their fourth straight week of … Read more

South Korea to Cut Energy Imports to Ease Record Trade Deficit

Article content (Bloomberg) — South Korea is rushing to find ways to reduce expensive energy imports after surging fuel costs and a weakening won pushed the country’s trade deficit to a record.  Article content The government is considering raising power bills to drive down energy consumption, according to the energy ministry. That will reverse its … Read more

Govt law on £400 energy discounts ‘demonises’ landlords: NRLA

Government plans to legislate that buy-to-let owners must pass on £400 discounts to tenants who have bills included in their rent were slammed as “demonising landlords”, by the National Residential Landlords Association. The move comes after housing group Shelter said tenants were at the “mercy” of landlords passing on this support, first announced by then … Read more

India plans to set up strategic gas reserve amid global energy crisis

Amid a deepening global energy crisis, India is planning to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR), Livemint reported on Thursday. According to the report, the government is planning to utilise existing liquefied natural gas (LNG) tunnels and exhausted oil wells and also planning to … Read more