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Power Generation

AIG is a leading writer of Property insurance for Power Generation and Utility risks around the globe, and has been committed to underwriting power generation for over 35 years. 

We understand the unique equipment and risks particular to generating power, and appreciate the need to relentlessly stay up to date on the latest technological advances.  

Who is it for?

Power generation and utilities.  

See our Risk Appetite

Product Details  

Capacity: US $750 Million, one of the highest among any PowerGen insurers in the market.

Risk Types

Traditional Power

Power Generators such as:

Coal-fired power plants

Natural gas-fired power plants

Oil-fired power plants

Hydroelectric

Diesel engines

Waste-to-Energy

Distribution utilities
 

Alternative Energy

Renewable and alternative power, including:

Wind power

Solar power

Biomass

Geothermal

Landfill gas

Energy storage

Ancillary Coverages

Coverage can be extended to include:

Business Interruption, including Capacity and Bonus payments

Tailored Equipment-specific coverages

Why choose Power Generation insurance from AIG?

Our market-leading capacity and technical expertise enable us to comprehensively address the most complex property insurance needs of our customers.  And our global network of local companies, underwriters, engineers and claims specialists provides our clients with easy access and efficient service wherever their operations might take them. 

Claims First

See our Energy & Construction claims value proposition

Risk Engineering

We provide world-class value-added loss control services from the planning and construction phases for new construction through the operational ongoing loss control. 

Highly experienced risk engineers, dedicated to this industry segment, are located worldwide and conduct risk assessment surveys and loss control inspections that analyze the unique exposures associated with Power Generation risks. This includes assessing the exposures from equipment and management practices, as well as traditional perils such as flood, windstorm, earthquake and fire.

More Information

To learn more about AIG's capabilities in this field, please email Peter.Cranston@aig.com

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