According to the latest issue in our quarterly  newsletter series, Marsh Insights: PowerLines, The power and utilities insurance market appears to be moving from a transitional phase in 2011 to a hardening phase in the first quarter of 2012 for property and, to a lesser extent, excess liability coverage.

Marsh Insights: PowerLines also notes:

The January 1, 2012 treaty reinsurance costs were up 5 percent, to 15 percent, with increases mitigated by higher retentions or the purchase of smaller limits.

Upward pressure on rates continues among the lead umbrella and excess liability carriers, with some carriers being more aggressive than others. We are seeing more activity, with clients seeking alternatives at renewal.

About Marsh Insights: PowerLines

PowerLines is a Marsh quarterly publication produced by our Power & Utility experts as a resource for clients.  Our goal is to provide insight to current industry trends, including the four major coverages: property, casualty, financial and professional that may affect current market conditions. As a client of Marsh’s Power & Utilities Practice you have direct access to the largest network of recognized Powerbrokers™

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