This green energy project has enabled Kessler to bring its wealth of knowledge in risk management and insurance to the energy transition sector and Kessler is delighted to see the project come to fruition. Since the study and the launch of the AGEPP project in 2010 under the direction of Jean-François Pilet, Director at AGEPP SA, Kessler has been involved in discussions concerning the setup of a risk transfer program. Switzerland’s first geothermal hydrothermal project involves drilling to a depth of 2,300 meters without disturbing or fracturing the rock and has brought together numerous engineers and specialists to ensure maximum safety.

Since the end of 2019, Kessler has been researching extremely specialized insurance solutions specific to deep drilling projects, as used elsewhere in the world and has consulted major national insurers. At the same time, as Swiss partner of the global Marsh Network, Kessler was able to approach foreign insurers with a presence in Switzerland, notably a German insurer, who agreed to accept 50% of the risk. and was able to share its broad European experience in the realm of deep drilling insurance. In the end, in 2021, Kessler was able to set up a pioneering insurance program in Switzerland, using a major international underwriter supported by two local insurers.

Christophe Tribolet, Member of Executive Staff at Kessler, who has been overseeing the project within Kessler since 2010, is pleased with the achievements of the team of experts within the Infrastructure & Energy unit, managed by Mélanie Coluccia: “I would like to thank architect and Construction Insurance Broker Italo Baracchini, who shared with us his wealth of experience in construction insurance, carrying out research and setting up insurance solutions that were previously unknown in Switzerland. I would also like to thank Samuel Egger, Head Risk Practices for French-speaking Switzerland, who took charge of international coordination for the project, and Marc Rüttimann, Client Executive, who is managing the ongoing relationship with AGEPP. Kessler is committed to aligning energy policy with the Swiss Confederation’s Energy Strategy 2050 by bringing its risk management and insurance expertise to the sector.”

Realization of Switzerland’s first risk management project in the deep geothermal sector