Clients across the energy, casualty, power and renewables sectors continue to enjoy an insurance market which is demonstrably advantageous both in terms of the availability of underwriting capacity and soft market conditions across the industry.

Insurers are faced with having to continue offering premium reductions with a specific focus on well-engineered business which runs with minimal loss history.

Underwriters are also particularly interested in new risks entering the market either by way of recently commissioned projects or by being new to the market through mergers & acquisitions or having been insulated in local programmes across domestic markets.

As the pressure of meeting top-line underwriting budgets mounts in an era where premium reductions are commonplace, insurers are also having to reconsider risks which they may have declined in previous years for reasons not limited to pricing, retention levels, wider terms and conditions, and risk quality.

We continue to advise our clients across the sector that in order to reap the rewards of this marketplace, a comprehensive risk management approach remains a key area to keep focus on as we navigate this market.

Wider opportunities exist for risk transfer outside of traditional insurance markets, not limited to alternative risk transfer and parametrics, which can often dovetail traditional insurance programmes.

Overall, 2026 presents an opportunity for clients across energy, casualty, power and renewables and we look forward to our engagement in this market as we navigate this competitive environment.