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Lockton launches dedicated Offshore Projects Practice

Summary by ReinsuranceNe.ws
Independent insurance broker Lockton has launched a new dedicated Offshore Projects Practice to navigate complex Energy, Marine and Power risks, to be headed by Jack Swift, David Vajnai and Alex Morgan. The offshore industry faces challenges in securing capital and insurance due to the costly claims profile of offshore wind and interconnector projects, as well as the energy transition requirements of insurers, investors, and banks for oil and ga…
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ReinsuranceNe.ws broke the news in on Wednesday, October 2, 2024.
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