Marsh has announced the appointment of Amy Barnes as Global Head of Energy & Power, effective immediately. This move comes as the industry accelerates efforts to support the net-zero transition.
In her new position, Barnes will be responsible for driving strategy and innovation across Marsh’s global network of energy and power advisors, risk engineers, and brokers. She will also continue to lead Marsh’s climate and sustainability strategy, reinforcing the company’s commitment to supporting clients in their energy transition.
Barnes, who joined Marsh in 2001 as an environmental consultant, has held several senior leadership roles internationally. She has extensive experience advising clients on risk and insurance matters, with a particular focus on energy transition and sustainability. Prior to this role, she served as Energy & Power Leader for the US and Canada, based in Houston.
Now based in London, Barnes succeeds Andrew George, President of Marsh Specialty, to whom she will report.
Andrew Herring Named Global Chair of Energy & Power
Marsh has also announced that Andrew Herring will assume the role of Global Chair of Energy & Power, effective January 1, 2026. Herring, who has been with Marsh since 2010, has led the UK Energy & Power team since 2012. He will continue to be based in London.
Energy Insurance and the Net-Zero Transition
As the energy and power sector intensifies its focus on sustainability, businesses face increasingly complex regulatory, market, technology, and reputational risks. Barnes highlighted the critical role of the insurance industry in facilitating the net-zero transition, particularly in providing risk management solutions essential for renewable energy projects.
The sector has seen notable increases in insurance premiums for renewable energy initiatives, with rates rising by 20% to 40% over the past year. These increases have been largely driven by significant claims stemming from natural catastrophes, exacerbated by shifting weather patterns and climate change.
The demand for insurance coverage in support of the energy transition is expected to grow substantially. Industry estimates suggest that by 2030, at least US$10 trillion in additional insurance coverage will be required across the energy, road transport, and building sectors to enable the net-zero transition.
