January 2022

Energy & Power Quarterly Newsletter

Analysis of energy insurance market conditions and overview of the key dynamics in global regions.

power lines in crop field

This edition of Marsh’s quarterly Energy & Power newsletter includes a review of insurance market conditions experienced during the last quarter of 2021, a legal roundup, a look at common clauses, news briefs, and an article about the evolving offshore windfarm technology and insurance considerations for investors. 

Across all insurance lines, roadshows, recent engineering reports, and the ability to demonstrate commitment to continual improvement to risk management remain crucial to positioning for optimal cover, terms, and conditions. As global uncertainty re-emerges due to the impact of the Covid Omicron variant, virtual risk engineering surveys will again become important.

We continue to stress the importance of early engagement with comprehensive underwriting information ahead of any renewal or placement process to provide sufficient time for negotiation and consideration before placement.

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January 2022

The Energy & Power Newsletter

The insurance trends over the last quarter.

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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.”