Kuzey Brokers assurance for all phases of wind projects from installation to operation

Kuzey Brokers, founded in 2006, is the largest privately owned and independent insurance & reinsurance broking house headquartered in Istanbul. We are mainly working directly with over 30 insurance & reinsurance companies and underwriters/ syndicates at various international markets whilst also having direct contacts with all Turkish insurance / reinsurance companies.

Our core team comprises of various insurance experts with varied qualification sets having backgrounds in energy engineering, marine engineering, mechanical engineering, surveying, ship owning, chartering, marine architecture, navigation, aviation, international trade and law practice.

We have been insuring more than USD 10 billion/year (marine, engineering & aviation) asset value, yet it’s counting, with 98 % of clients’ retention thanks to our professional approach with claims handling for our clients which makes us unique.

We produce and place majority of premium at international markets mainly in London. Our client portfolio is 80 % Turkish and 20 % International.

Energy

Tailored engineering & energy insurance solutions across all project phases, from erection to operational period, providing cover against Physical Damages, Machinery and Electrical Breakdown, Operational All Risks, CMI, Third Party / Contractual / Product / Pollution Liability, Terrorism & Political Violence, Financial Risks (Business Interruption, Advanced Loss of Profit (ALOP), Delay in Start-Up, CAR/EAR.

Energy Insurance Coverage for;

Renewable Energy: Wind Farms, Hydroelectric Power Plants, Solar Power Plants, Biomass, Geothermal Power Plants

Thermal Energy: Natural Gas Combined Cycle Power Plants, Coal Fired Power Plants, Co-generation Power Plants

Electrical Transmission and Distribution Systems

Oil & Gas: Upstream, Midstream, Downstream, Pipelines, Refineries, On/ Offshore Facilities

Parametric

Parametric Wind Protection is a contract to financially protect physical wind power generation against natural fluctuations. After having adjusted for non-generation due to outages and grid congestions, the cover provides a financial floor on an agreed level of power produced by a wind generator.

Parametric insurance is a type of insurance that does not indemnify the pure loss, but ex ante agrees to make a payment upon the occurrence of a triggering event. The triggering event is often a catastrophic natural event which may ordinarily precipitate a loss or a series of losses. But parametric insurance principles are also applied to Agricultural crop insurance and other normal risks not of the nature of disaster, if the outcome of the risk is correlated to a parameter or an index of parameters.

Parametric Energy Insurance Coverages: Lack of Wind / Wind Volatility, Lack of Sun, Lack of Wa.