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.
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