POWER & UTILITIES


Marsh's Power and Utilities Practice provides industry consultation and risk management services for gas, water, electric, and nuclear utilities, and the independent power industry worldwide. We specialize in identifying events, issues, trends, and regulations that impact the management of utility risk, and the ability of the organization to compete profitably.

Power & Utilities

Power companies around the world face challenges from deregulation, competition, privatization and globalization. These trends have created a vital need for new business models and a demand for new technologies which in turn introduce risks to the industry that are unparalleled in size and magnitude.

Marsh's power and utility experts offer specialized insurance brokerage, loss control and claims management services as well as risk mapping and strategic risk consulting to assess a company's total risk profile. Risk mitigation strategies include risk-based asset management.

The Power and Utilities Practice offers the following services and expertise:

Power Price Protection

These products provide financial protection in the event an unplanned outage at a generating facility occurs in combination with a peak in the price of replacement power. Coverage is available in those areas where there is a liquid energy trading market. There are numerous ways to enhance these contracts with additional coverage triggers such as temperature and humidity.

Independent Power Project Services/Credit Enhancement

To meet the needs of companies that own, build, operate, or maintain power plants anywhere in the world, the Power and Utility Practice teams with other Marsh experts to review contracts and identify political risk exposures, lender requirements and local insurance requirements. Marsh's Power and Utility professionals begin working with clients when projects are still on the drawing board. We have worked with project principles and lenders to structure deals with credit enhancements that lower clients' financing costs and allow projects to go forward with the highest degree of lender confidence.

Merger and Acquisitions

Mergers and acquisitions in the power industry continue at a record pace. Costs associated with M&A activity can be substantial. A review of recent transactions for utilities indicates that these transaction costs can range from $10 million to $35 million and more.  In addition, a significant number of utility mergers fail due to regulatory intervention, shareholder disapproval, competing bids, withdrawal of one party, or failure to meet closing conditions.

Marsh's Private Equity Merger and Acquisition Services can assist companies contemplating a merger or acquisition to examine risk issues involved with M&A and create solutions.

Employee/Workforce Consulting

Marsh assists power and utility clients on matters related to employee benefits, absence management, workforce composition, performance optimization, international acquisitions, workers compensation, managing change and merger integration.

Environmental Services

We deliver a broad range of related services associated with environmental clean-up, cost capping and risk strategy to ensure that the costs associated with clean-ups are contained within the projected budget. This expertise is also called upon in Merger & Acquisition activity.

Marsh Risk Management Research
US Insurance Market Report 2014
February 07, 2014  |  Views: 13986 |  Comments: 0 
US Insurance Market Report 2014
US commercial property insurance prices stabilized for many organizations in 2013 as a significant surplus of capital among insurers and reinsurers kept competition high.  >>
Securing Power, Utilities, and Other Critical Infrastructure from Growing Cyber Risks
October 17, 2013  |  Views: 9352 |  Comments: 0 
Securing Power, Utilities, and Other Critical Infrastructure from Growing Cyber Risks
The power and utilities industry faces more cyber attacks than any other critical infrastructure sector, according to Department of Homeland Security data.  >>

Additional Thought Leadership
Cyber-Insurance Market for Power Companies Growing
September 25, 2014  |  Views: 5957 |  Comments: 0 
Cyber-Insurance Market for Power Companies Growing
Andrew Herring quoted in EnergyWire.  >>
Webcast: Cyber Threats Against Energy Resources, Power Companies, Utilities, and Other Critical Infrastructure Organizations (Replay)
February 10, 2014  |  Views: 24016 |  Comments: 0 
Webcast: Cyber Threats Against Energy Resources, Power Companies, Utilities, and Other Critical Infrastructure Organizations (Replay)
Experts from Marsh's US Energy and FINPRO practices and security firm Mandiant explored strategies for defending against cyberattacks and examined the insurance solutions addressin...  >>
Renewable Energy Projects: Risk and Insurance Issues
November 25, 2013  |  Views: 23169 |  Comments: 0 
Renewable Energy Projects: Risk and Insurance Issues
Successful renewable energy projects often require the mitigation of construction, regulatory, technological, operational, and environmental risks.  >>
Nuclear Energy Insurance Update, November 2013
November 06, 2013  |  Views: 15635 |  Comments: 0 
Nuclear Energy Insurance Update, November 2013
Insights on the nuclear energy insurance market from Marsh’s recent nuclear energy seminar.  >>
Marsh Insights: AEGIS Conference 2013
October 09, 2013  |  Views: 33191 |  Comments: 0 
Marsh Insights: AEGIS Conference 2013
Rising AEGIS rates is expected to continue into 2014.  >>
How to Maintain Wind-Farm Reliability
September 25, 2013  |  Views: 29514 |  Comments: 0 
How to Maintain Wind-Farm Reliability
We review 11 factors to take into consideration when trying to ensure equipment remains in working order as long as possible.  >>
Understanding the Inherent Risks of Battery Storage
September 25, 2013  |  Views: 28846 |  Comments: 0 
Understanding the Inherent Risks of Battery Storage
Battery storage can expand the horizon for the renewable sector but the insurance market is in the early stages of understanding its inherent risks.  >>
Green Energy Newsletter — Sept. 2013
September 22, 2013  |  Views: 17583 |  Comments: 0 
Green Energy Newsletter — Sept. 2013
We cover risk management for renewables, maintaining wind-farm reliability, and understanding the risks of batter storage.  >>
Risk Management Programs Must Evolve With Renewable Energy Industry
September 22, 2013  |  Views: 23302 |  Comments: 0 
Risk Management Programs Must Evolve With Renewable Energy Industry
As the renewable energy industry continues to grow many producers are seeing lower costs but are also facing increased risks.  >>
Production Tax Credits Extended, Eligibility Requirements Loosened
May 24, 2013  |  Views: 24886 |  Comments: 0 
Production Tax Credits Extended, Eligibility Requirements Loosened
Wind producers welcome reprieve from last year’s uncertainty.  >>
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Alternative Risk Solutions for Power and Utilities Companies
Views: 24412 |  Comments: 0 
Alternative Risk Solutions for Power and Utilities Companies
When you can’t find coverage that suits your needs, look to alternative risk solutions.  >>
CS STARS
Views: 34126 |  Comments: 0 
CS STARS
CS STARS LLC supports comprehensive risk management, enterprise risk management and compliance and safety management.   >>
Specialized Risk Solutions for the Power and Utilities Industry
Views: 7214 |  Comments: 0 
Specialized Risk Solutions for the Power and Utilities Industry
With more than 100 specialists placing over $900 million in insurance premium, Marsh is the leading provider of insurance and risk solutions to the power and utilities industry.  >>
Water Utilities Contamination Insurance
Views: 24842 |  Comments: 0 
Water Utilities Contamination Insurance
Marsh understands the impact that contamination has on a water utility, including clean-up, provision of bottled water, customer communications and subsequent compensation.  >>
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September 10, 2014  |  Views: 3131
Marsh Names Dean Klisura Global Head of Industries and Placement
Klisura will have global responsibility for Marsh’s Marine, Energy, Aviation, Construction, Rail, Power, Mining, and Infrastructure practices, and lead the global placement organiz...  >>
February 19, 2014  |  Views: 7667
Risk & Insurance Magazine® Honors 58 Marsh Colleagues with Power Broker® Awards
Representing 21 categories, 46 Marsh professionals were recognized as 2014 Power Broker® winners, including two colleagues receiving the Responsibility Leader® designation, and 12 ...  >>
February 07, 2014  |  Views: 8768
Favorable US Insurance Market Conditions Expected in 2014: Marsh
The ample capacity and competition that helped temper firming of US commercial insurance rates in 2013 is expected to continue into 2014, barring higher than expected catastrophe l...  >>
October 21, 2013  |  Views: 5967
Critical Infrastructure Facing Increased Cyber Risk: Marsh
Need for better data and asset protection as cyber attacks become more sophisticated and regulations increase.  >>
September 09, 2013  |  Views: 4962
Weather-Related Losses Remain Costliest in Global Power Generation Sector
While weather-related losses remain comparatively rare in the global power generation sector, research published today by Marsh highlights that their financial impact is considerab...  >>
January 30, 2013  |  Views: 9986
Further Firming Expected in US Commercial Insurance Market in 2013: Marsh
US commercial insurance rates are expected to continue firming in many lines of business and industry sectors in 2013 as above average losses, subdued investment returns, and reced...  >>
October 09, 2012  |  Views: 15062
Increasing Number of Major Losses Challenge Global Power Industry - Rising Trend for Large Insurance Claims of More than $25 Million
The global power industry has seen a steady rise in the number of large insured claims since 2005, putting pressure on both the supply of global power at a time of rising demand an...  >>
April 27, 2011  |  Views: 9321
First-Quarter Insurance Rate Increases Confined to Loss-Affected Exposures: Marsh
Global Insurance Markets Under Pressure as Atlantic Hurricane Season Approaches Despite record level first-quarter catastrophe losses, insurance rate increases were confined to lo...  >>

Contacts
Daniel McGarvey
U.S. Energy, Mining and Power Practice Chairman
Greenville SC United States
864 240 5458
daniel.s.mcgarvey@marsh.com