Energy and Power Insurance Market Update

During these challenging times, Marsh JLT Specialty’s global Energy & Power practice are working together to ensure our clients are keep up to date with developing trends in the energy and power insurance sector. In that context we are pleased to issue our issue second quarterly newsletter of 2020.

In addition to an update on the energy and power insurance market conditions in the context of upstream, downstream, power, renewable energy, casualty and marine categories, this quarter we also take an in-depth look at the market conditions for Directors’ and Officers’ (D&O) insurance as well as the changing landscape in the Middle East.

The ongoing effects of COVID-19 are at an early stage but have the potential to be profound on individuals, corporations, industries and economies. We have included articles this quarter to provide support in the current business environment including an update from our energy engineers on remote working strategies to support risk programmes as well as information on the four key areas where Marsh can offer pandemic support - Human Resources Resilience, Contingency Preparation, Supply Chain and Financial Revenue Stream Protection.

For these articles, and a detailed analysis of the insurance market conditions, download the latest edition of the Marsh JLT Specialty Energy & Power Newsletter

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”