Offshore wind developers must stop buying so much insurance, says broker

Project owners are being advised to buy cover for 'high frequency, low cost' events, which are not what insurance is designed for, claims sector specialist

Dan Gumsley, a senior vice president and offshore wind specialist at global insurance giant Marsh, delivers a presentation at WindEnergy Hamburg.
Dan Gumsley, a senior vice president and offshore wind specialist at global insurance giant Marsh, delivers a presentation at WindEnergy Hamburg.Photo: Marsh
Published 26 September 2024, 10:29Updated 26 September 2024, 11:36
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