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Power Reinsurance

Power Solutions

Conventional and renewable power generation assets during operation and construction.

#reinsurance
Underwriting Focus

Semurg Appetite

Capacity
Up to USD 50M line size
Coverage Focus
Property Damage (PD) / Machinery Breakdown (MB) / BI following PD and/or MB
Target Risks
Power generation assets during operation and construction
Geography
Pacific and Southeast Asia, North America (selective), South America, Caribbean, Australia, Sub-Saharan Africa, MENA, CEE/CIS
Lifecycle
Operational and/or Construction risks
Structure
Facultative and selective treaty placements
Exclusions
Nuclear power plants in operation, standalone transmission lines, standalone pipelines, liability-only lines
Power

Reinsurance solutions for conventional and renewable power generation assets, combining engineering-led underwriting with disciplined risk assessment for operational and construction-phase exposures.

Scope

What we cover

  • Conventional Power Generation

    • Thermal power plants (gas and coal-fired)
    • Hydro power plants
    • Power station fixed infrastructure
    • Generation support systems
    • Critical electrical plant assets
    • Gas turbines
    • Steam turbines
    • Generators
    • Transformers
    • Auxiliary generation equipment

  • Renewable (case by case)

    • Solar power plants
    • Wind farms
    • WTE plants
Underwriting Scope

Coverage

Core Coverage

Property All Risks (PAR) or Named Perils
Machinery Breakdown (MB)
Business Interruption (BI) following PD and/or MB

Liability

Third Party Liability (TPL)
Environmental liability (selective)

Business Interruption

Business Interruption (BI) — only if linked to PD and/or MB
Delay in Start-Up (DSU / ALoP) — only if linked to CAR/EAR, no standalone DSU/ALoP

Out of Appetite

Nuclear power generation facilities in operation
Prototype renewable generation systems
Battery storage systems
Standalone transmission and distribution networks with distance exceeding 1km
Liability-only lines outside operational property and engineering wording
Differentiators

Semurg's edge

Human & AI Synergy

  • Engineering-Led Risk Selection

    Technical engineering expertise integrated directly into underwriting evaluation, exposure analysis, and portfolio construction for power generation assets.

  • AI-Assisted Exposure Intelligence

    Proprietary analytical infrastructure supporting accumulation visibility, exposure mapping, underwriting consistency, and real-time monitoring across portfolios.

  • Technology-Enabled Operations

    AI-supported workflows, accounting, financial and compliance reporting.

  • Established Market Network

    Over 18+ years of long-standing relationships across international (re)insurance market participants.

Structuring & Placement Capabilities

  • Flexible Capacity Structuring

    Facultative, treaty, and layered placement solutions for complex operational and infrastructure-heavy risks.

  • Cross-Border Placement Access

    Placements across international markets with coordinated support across multiple jurisdictions.

  • Multi-Layer Risk Structuring

    Expertise with complex programs involving power generation assets, engineering risks, and multi-layered placements.

  • Cross-Jurisdiction Claims Coordination

    Claims handling and settlement support with technical and operational oversight across all markets and placement structures.