Marsh has launched a new liability product designed to provide cover for power and utility clients based outside the US.
In a release, Marsh said the coverage had been developed to match the complex range of third-party exposures often faced by power producers.
Key features of the facility are:
• Primary limits of up to US$25m: each risk to be submitted individually for rating with excess layers available on request
• Pre-agreed wording specifically designed for the utility industry
• Broad cover
• Security is provided by Lloyd's.
Thomas Bates, vice president, global markets specialised products, said: “Given the many challenges facing our international utility clients, we identified the demand for a product that could respond to their varying exposures in a consistent, competitive fashion. Using our experience and influence in the market, we have been able to secure support for a comprehensive policy which is able to give our clients the security they need.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
