As the world continues to grapple with the impacts of climate change, there is increased focus on the need to mitigate the effects of carbon emissions and find cleaner ways to produce energy. This requires the adoption of diverse solutions that improve energy efficiency, maximise renewable energy sources, and leverage new and existing technologies.
Securing adequate coverage for projects intended to aid the energy transition is essential for these to move forward at scale, with insurance playing a critical role as an enabler for the transition. And since many insurers have the knowledge and expertise to understand the risks associated with new technologies, they can help organisations manage them effectively through coverage that facilitates the adoption of sustainable energy practices.
In this episode of Risk in Context, Andrew Herring, CEO for Energy and Power for Marsh Specialty in the UK, Claire Williams, Regional Leader for Energy and Power for Marsh Specialty in Europe, and Tom Smith, Managing Director and Client Advisory Leader within Marsh Specialty’s Energy and Power Practice in the UK, explore three technologies — plastic waste to fuel, carbon capture and storage, and biofuels and bioenergy combined with carbon capture and storage — that can contribute to the energy transition as well as the associated risks and opportunities they present.
CEO, Energy and Power, Marsh Specialty UK
United Kingdom
Andrew Herring assumed the role of CEO of the Energy and Power Practice for Marsh in the UK in 2013. He has had an extensive career as an insurance broker in a number of different organizations, but always based in the UK, and always dedicated to the energy and power sectors.
Managing Director, Energy and Power, Marsh Specialty
United Kingdom
Tom Smith is Managing Director, Energy and Power, within Marsh Specialty in the UK and a Client Advisory Leader. Based in London, he has close to four decades of industry experience and is responsible for the development of winning placement strategies, negotiating lead market terms, and securing effective execution in the insurance market.
Regional Leader, Energy and Power, Marsh Specialty
United Kingdom
Claire Williams is the Regional Leader for Energy and Power in Europe. Based in London, she has close to two decades of experience in the energy sector, advising global, integrated energy clients and medium-sized independents on their day-to-day and emerging risk management needs.
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