All Renewable Energy articles
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Soft market for power and offshore energy – two broker reports
Absence of major losses means competitive pricing in power insurance, according to WTW, while offshore renewables faces a long-term soft market, NARDAC said.
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Renewables showing resilience, optimism – WTW report
A report from the broking firm is upbeat on the renewable energy sector’s prospects to “weather the storm” of the risks and challenges it faces.
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GCube backs energy storage with new $100m Lloyd’s consortium
BESS consortium led by GCube and backed by six Lloyd’s syndicates will provide up to $100m in capacity for any single project across construction and operation.
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Hail risk putting pressure on renewables – GCube CEO
Fraser McLachlan warns that hail is becoming an increasingly serious threat, with re/insurers keen to limit exposure, which represents a challenge for new renewable energy projects.
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Aon promotes Clarke to lead renewables, Global Broking Centre and UK
Clarke was most recently a member of the risk management team at BP and in her new Aon role will report to Jon Wiegand, Aon’s head of power, within its Global Broking Centre.
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BMS buys Spanish specialty broker Viafina
Broker has a strong track record in the construction, renewable energy and surety insurance sectors
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LMA ‘sharply focused’ on supporting market’s transformation
Will lend its expertise to issues around systemic cyber, climate litigation, renewable energy and international wordings
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Chubb launches dedicated climate transition unit
The unit brings together traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering
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Marsh Specialty's Kolodner to lead Global Renewable Energy
He succeeds Hamish Roberts, who has taken on a new role as Marsh’s UK & Ireland Specialty Growth Leader
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Munich Re announces major new oil and gas policy
As of 1 April 2023 reinsurer will no longer invest in or insure projects exclusively covering new oil and gas fields
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Insuring the transition
The industry has a ‘once in a lifetime’ chance to support the transition to Net Zero. So what are we waiting for?
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Marsh launches green and blue hydrogen insurance facility
Led by AIG and Liberty Specialty Markets, the facility offers up to $300m per risk including cover for property damage and BI
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Ukraine: A ‘Matrix moment’ for climate change
The choices governments make in response to the Ukraine conflict might either accelerate or delay the global transition to net-zero emissions
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GCube hires head of London Market Underwriting
Olly Litterick joins from Occam Underwriting Limited where he was director – head of Low Carbon Energy
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ILS capacity will be essential for energy transition risks
Innovative risk transfer solutions will be needed for emerging technologies as energy markets transition, says Neil Eckert
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Lessons from the Ituango Dam
Colombia’s Ituango Hydroelectric Project highlights the risks and opportunities for reinsurers in Latin America
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Renewables face billions of dollars in Ukraine losses - PCS
Conflict in Ukraine has potential to become an ’industry-defining event’ for the global renewables re/insurance sector
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MS Amlin offers cover for battery energy storage systems
The Lloyd’s insurer is partnering with insurtech Altelium to offer the solution
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Rescuing assets stranded by carbon markets
Why carbon capture ecosystems offer a compelling opportunity, explains Wake Smith
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Ariel Re provides Ecogensus with performance guarantee cover
Lloyd’s Syndicate 1910 provides insurance coverage to backstop comprehensive performance guarantees for Ecogensus’ recyclers