Power Market Update Q1 2024

The aggressive nature of the correctional phase will not continue, but the marketplace will be challenging as it evolves.

The Power market in 2024 exhibits a continued correction phase, striking a balance between challenges and orderliness. Ongoing concerns such as loss activity, global inflation, and supply chain challenges persist, alongside a cautious approach to catastrophe exposures. The market dynamics, characterised by a non-subscription model, increasing interest in Parametric products, and a global commitment to renewable energy transition, showcase the industry's adaptability amidst evolving trends and challenges.


Jon Parker

Head of Power | Energy, Power & Renewables

+44 7756 216481

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Jon started his career in 1989 with C E Heath within the International Property division. During his 15 years there, he lived and worked in Mexico in 1996 / 1997 before returning to London to join the newly formed Power Utility team where he specialised in the placement of Latin American power business. At the time of his departure in 2004 he was the Executive Director running the Global Power Utilities team.

Jon had subsequent spells at HSBC (Executive Director, International Property Division specialising in Power business) and Guy Carpenter (SVP, Head of Latin America) before joining the Onshore Energy team at Cooper Gay (now Ed Broking) in 2000. There he worked on Power, Oil and Gas and Mining business across the globe but still maintaining his geographical interest in Latin America. By the time he left to join Alesco in 2021, Jon was the Head of the Downstream Energy Division.