23 February 2018

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Waiting for the surge

7 July 2017

One should never speak too soon, but so far 2017 appears to have been a relatively benign one for the power (re)insurance market, with a fairly modest claims experience.

The two most notable incidents have both stemmed from the Middle East, with a mechanical failure at a coal-fired steam turbine in Saudi Arabia at the start of the year estimated to have cost some $42mn, while a similar mechanical failure at a gas-fired steam turbine in the United Arab Emirates...

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Share: This article was published as part of issue July 2017/1

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