From Start (Coverage) to Finish (Subrogation): Keeping Insurer Obligations Within Policy Parameters and Maximizing Recovery Prospects in Power Plant Equipment Failures
Property loss claims involving insured power plant equipment failures increasingly give rise to coverage and subrogation issues relating to underlying goods and/or services warranties and capacity penalty claims. These issues have become more prevalent and more complex over the past several years, particularly impacting large market losses. This presentation will address the potential and actual impacts on coverage and recovery of insured claims for losses which implicate equipment manufacturer and service provider warranties and capacity/non-performance penalty claims, as well as the best approaches for addressing and resolving these issues.

AIRMIC Private Session
By Invitation Only

Conference Introduction

Morning Session Compère

The Global Economic Picture - Good, Bad, or Ugly?
This session will seek to provide an analysis of the current global economic picture which is severely impacted by the tectonic forces of change which have been so prevalent during 2025. Insurance is affected in many ways by economic forces and this session from a market lead will provide current and relevant information and insights to help delegates fashion their own strategies and plans.

Can Insurance Keep Up with the Client in a Time of Turbulence?
There is much talk about insurance markets providing support to energy clients as they seek to invest for the future. But, in reality what does this look like in the current market place, what are the opportunities and constraints and what steps should insurance be taking to actively support their clients at a time of uncertainty and change?

The Client's View of the World
This session will explore how energy clients are affected by the recent changes in global political leadership, geopolitical tensions, economic turbulence and the uncertainty surrounding net zero targets. Insurance markets need to be current on their clients needs and this session will aim to provide valuable insights and directions.

Carbon Capture and Storage (CCS): Navigating Risks and Opportunities
Carbon capture and storage (CCS) is rapidly emerging as a key solution in the fight against climate change, with growing relevance for clients, risk managers, and the insurance industry. In this session, Therese will present a comprehensive overview of the CCS value chain, including the current deployment status, regulatory frameworks, and the latest technological developments and challenges. Drawing on practical experience from previous projects, Therese will offer actionable insights to help participants better understand the complexities of the CCS value chain, particularly in relation to risk exposures and insurance coverage considerations.

Power Cuts
This presentation will review UK partial blackouts and will incorporate the Spain/Portugal and Heathrow power cuts.

Recent Equipment Failures
Most notable recent failures from different types of equipment with focus on Gas turbines, hydrogen electrolysers, BESS, wind turbines and other new technologies. Latest forensic investigation techniques to determine root cause. The presentation will offer a preview of the "unknown unknowns" in energy system failures, talking about the challenges faced by insurers when dealing with claims involving new technologies.

Raw Material and Supply Chain Issues Facing the Energy Industry

Changing US Landscape
Politics has influenced the energy industry in the US. The theme will be around assessing the opportunities and pressures presented by the current political scenario. This session will examine those influences including the energy business environment, the legal and litigation world and recent energy legal decisions.

The Spaghetti Western of Wind Turbine Policy Wording
With a gallop through the rolling plains of wind turbine failure modes, culminating in the final stand-off between what is written and what is meant, this introductory TED style presentation focusses on the consequences of lightning strikes when viewed through the iron sights of wind turbine policy wording.

TED-Style Talk

What Next for Our Anarchic World?
Rules are being rewritten as geopolitical, technology, environmental and demographic trends play out. Horizon scanning to incorporate serious consideration of wild card risks is increasingly important as the impossible and unlikely have become more plausible. So, what sort of wild cards should we be thinking about? This session will identify some top “wild” risks that insurers should be considering for 2026.

Power in the Region: Middle East Perspectives on Generation and Transmission
Dubai based underwriter will provide a current overview of the energy world in the region focussing on generation and transmission in the power and the ever growing renewable sector. Huge investment and development is occurring and the discussion will include commentary on the regional mood, geopolitics, future outlook as well as an update on the ambitions of the Dubai insurance hub. 

How Many Ways Can You Slice a Cake?
Current energy insurance is often a patchwork of various vehicles of underwriting capacity. This session will seek to analyse those many styles and explore the benefits and limitations that they can create for the buyer as well as underwriters.

Renewables

TED-Style Talk

At What Point Does Green Turn to Red?
A discussion on the various issues and challenges facing renewable energy insurance as equipment becomes larger

Geopolitical Landscape
Energy as a strategic lever in global economics, geopolitical hotspots & economic ripple effects, the energy transition & global power shifts, resource nationalism & strategic commodities, climate, conflict & capital, the future of global cooperation.

Concluding Comments