The global insurance market for the power generation sector remained buoyant and competitive in 2014, despite challenging underwriting results.
The continued abundance of capacity has resulted in a price competitive trading environment, and broad coverage terms and conditions. In previous years, the trend had been for attritional losses; however, towards the end of 2014 a number of large individual losses impacted the market.
The latest Market Update is an in-depth analysis on current global insurance market conditions. With regional commentary from our offices located across six regions – Asia, Bermuda, Europe, Latin America, the Middle East and Africa, and the United Kingdom – this market update provides insight into changes within the property market, available capacity, and the underwriting approach of the world’s leading carriers.