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Podcast

Powered by Marsh FINPRO: Navigating disclosure risks in the renewable energy transition

In the first episode of Powered by Marsh FINPRO, our speakers discuss the the importance of managing disclosure risks.

As the global push for renewable energy intensifies, companies are being prompted to innovate and adapt to a new regulatory environment and rapidly changing market conditions. Considering the potential impact on the underwriting process for directors and officers (D&O) insurance, it is important to highlight the critical role of robust disclosure practices in mitigating potential claims associated with new technologies.

In the very first episode of Powered by Marsh FINPRO, hosts Grace Brighter, AVP FINPRO Placement at Marsh, and Sarah Baldys, Senior Vice President - FINPRO U.S. Power & Renewables Leader at Marsh, speak with Dan Sanford, Vice President - Energy Practice Leader at Berkshire Hathaway Specialty Insurance, about the importance of managing disclosure risks, particularly in light of the heightened scrutiny surrounding clean energy technologies. Additionally, they discuss the value of third-party evaluations of tax credits and subsidies, as well as the importance of fostering long-term partnerships between insurers and clients.

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Key takeaways

Importance of disclosure practices

Companies in the energy and power sectors, especially those transitioning to renewable energy, must adopt robust disclosure practices to avoid potential claims.

Managing risks in clean energy technologies

Clean energy technologies come with unique risks, and companies need to effectively manage these risks to protect themselves from D&O claims.

Value of third-party evaluations and partnerships

Third-party evaluations of tax credits and subsidies can provide additional assurance to insurers and clients, and building long-term relationships can enhance risk management and support growth.

Podcast

Powered by Marsh FINPRO podcast series

Learn more about our podcast series that examines the opportunities and challenges in the energy and power industry due to the energy transition and how to manage the resulting management liability risks.

About our speakers

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Grace Brighter

Assistant Vice President

  • United States

Grace Brighter is an Assistant Vice President within Marsh’s FINPRO Placement Team. She is responsible for working with insurance carriers and negotiating competitive coverage for her clients.

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Sarah Baldys

Senior Vice President, FINPRO Power & Renewables Leader

  • United States

Sarah is a Senior Vice President at Marsh where she leads a national team of FINPRO colleagues with specialized expertise in the Energy and Power sector.

Dan Sanford

Dan Sanford

Vice President - Energy Practice Leader, Berkshire Hathaway Specialty Insurance

  • United States

Dan is a vice president within Berkshire Hathaway Specialty insurances executive and professional liability group, where he also heads Berkshire’s executive and professional liability national energy practice.