At Hugh Wood Canada, we recognize the unique challenges that the Power Generation and Utilities Industry encounters on a regular basis.
As a result, we strive to continuously adapt to the ever-changing global market, providing customized risk management and insurance solutions that address a wide range of risks.
Companies in the power generation and utility industry are facing a multitude of challenges stemming from the energy transition and the increased scrutiny of environmental impact by investors, consumers, and regulators.
These challenges include the need to substantially reduce greenhouse gas emissions while ensuring the resilience of their assets and operations to climate change and extreme weather events.
The growing demand for energy is further complicating matters, with conflicting priorities between reducing emissions and meeting the increasing need for power generation. Aging asset infrastructure is a major concern for power generation companies, as it is more prone to machinery breakdown and business interruption losses.
Our comprehensive suite of services is designed to help you accurately identify and assess your company’s risks and effectively manage and transfer them to the insurance industry. By partnering with us, you can be confident in our ability to provide the support and expertise necessary to ensure the long-term financial viability of your company.
We offer insurance solutions and services tailored to both construction and operational risks in the power generation sector, which include:
We offer risk advisory, risk transfer and solutions, that enhance financial and operational resiliency and help maintain business viability.
We have 50 years of combined experience in insurance and reinsurance brokerage, engineering and loss control, underwriting, enterprise risk management and traditional risk management.
We offer customized and innovative risk management solutions to help companies overcome challenges in insurance, including rising costs, decreased capacity, and stricter terms, regardless of their location.