Power and Utilities Market Update
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.