• Power

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  • The world’s geopolitical landscape is currently changing at an unprecedented pace. While widescale conversion to carbon-free power generation in transport, manufacturing, commercial and domestic consumption continues, some focus has shifted to security of supply and responding to the energy demands of Artificial Intelligence. Insurance solutions are required to respond to these changes and enable development of future technologies & infrastructure. They are a vital element to guarantee that the long-term financing of / investment in such development continues.

    SCOR is actively positioning itself to be a key partner to the wide variety stakeholders in this fast-changing / evolving energy landscape by offering adaptable and bespoke risk management and risk transfer mechanisms for now and in the future.

    The PowerGen team is composed of specialised underwriters with relevant Industry backgrounds sharing common practices and knowledge spread across the world with underwriting hubs in London, Continental Europe, Asia Pacific, North and Latin America.

    We have a broad and flexible underwriting appetite but cast within a consistent and well-defined framework, with the aim of understanding our clients' requirements in a dynamic and changing industry landscape to provide tailored insurance products.

    Physical Damage & Business interruption coverage is offered across a broad range of generation technologies, including renewable power generation both onshore and offshore. We remain a strong believer in the transition of our Clients to renewable energy and have developed a CSR approach to coal-fired power generation. This includes a gradual and pragmatic disengagement in line with our renewables strategy and new energy transition journey, while not losing sight of the importance of coal for the security of power supply in some regions.

  • Risk appetite

    Comprehensive appetite across the entire power generation and supply industry. Appetite includes most conventional power generation technologies, Thermal Power, Simple and Combined Cycle Gas Turbine technologies, Geothermal, Hydro and Renewables (Solar & Wind) where cross class packages are available (Onshore, Offshore, Construction). We can provide operational insurance across most technologies from the very first year of commercial operation.

    Client profiles

    National, International & Municipal Utility Companies, Independent Power Producers, Infrastructure Investment Fund’s Asset Holdings, Network Risks & DER (Distributed Energy Resources).

    Participation preferably on a quota share basis for Risk Managed Accounts.

    Licences

    Ability to provide direct insurance through SCOR licenced entities, including EU, UK and USA and reinsurance on a worldwide basis.

  • Contact

    Headshot of Stefan Geisse, Global Lead for SCOR’s Power Generation

    Stefan Geisse is the Global Lead for SCOR’s Power Generation Segment and responsible for strategy and underwriting appetite across the business. Stefan joined SCOR in 2024 and has held global positions in developing worldwide power generation portfolios from London since 2015. Prio to joining the underwriting world Stefan had 15 years of experience in on-site power generation engineering and R&D in gas turbines, batteries and fuel cells. Stefan is a Mechanical Engineer having attended the University of Applied Sciences in Munich, Germany.

    Contact