Coming up with more exclusions unhelpful to insuring energy transition: Marsh’s Herring
Insurers should steer away from coming up with more exclusions in new renewable energy policies as that leads to self-insurance by clients and in turn, missed opportunities for the industry, according to Andrew Herring, CEO for Energy & Power for Marsh Specialty UK & Ireland.
Speaking at Insurance Insider’s London Market Conference, Herring cautioned against the insurance industry’s tendency to “work out everything that can go wrong with a new piece of kit and then try and exclude it, instead of working out everything...
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