Power market remains soft amid new capacity: Marsh

New entrants to the power generation market have contributed to
the continued softening of rates, with losses alone unlikely to
lead to any hardening of market conditions, according to Marsh.
In the broker's Power and Utilities Market Update, released
yesterday (12 April), Marsh noted that property insurance remained
the most significant area of premium spend for clients, with
capacity of around $4.25bn.
The capacity is spread around regional underwriting hubs, all of
which have a strong appetit