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RESEARCH AND BRIEFINGS

Power and Utilities Market Update 2016

 


Soft market conditions prevailed across the power generation sector in 2015, with major capital investors attracted by the power utility business which brought new capacity to the marketplace.

The latest Power and Utilities Market Update from Marsh’s international placement division, Bowring Marsh, analyses current global insurance market conditions for power generation risks and provides insight into changes within the property market, available capacity, and the underwriting approach of the world’s leading carriers across six regions – Asia, Bermuda, Europe, Latin America, the Middle East and Africa, and the United Kingdom.

Key findings include:

  • Asia – competition continues to generate rate and premium reductions for clients with good loss records and/or proactive risk management policies.
  • Bermuda – ample capacity is driving competition, and delivering positive results for clients in the direct and facultative marketplace.
  • Europe – insurers are looking to implement regional strategies that focus on new countries in order to grow their portfolios.
  • Latin America – local insurers continue to be a strong supporter of power generation risks, offering competitive terms and conditions for renewables.
  • Middle East and North Africa – insurers are making every effort to meet their aggressive growth targets by increasing shares and pressure.
  • United Kingdom – insurers are demonstrating a willingness to broaden horizons, with a number taking a “portfolio” view as well as understanding that they need to work hard to retain share, and even harder to attract new opportunities.

Read or download the Power and Utilities Market Update for full details.

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 226 827) 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 Marsh on request.