Ariel Green, a division of Ariel Re, has expanded the Lloyd’s Technology Performance Insurance (TPI) Consortium to protect clean energy technologies and projects.
First launched in 2023 following Ariel Green’s rebranding, the Consortium has been successfully renewed, growing the number of participating markets and capacity available.
With the Consortium’s backing, Ariel Green explained it offers TPI policies with up to $150,000,000 in aggregate per risk, and more in special circumstances, allowing the major cleantech projects and stakeholders to benefit from meaningful risk transfer.
According to Ariel Green, the increased scale will allow the clean energy sector to access more capital and accelerate the deployment of innovative technologies essential to achieving Net Zero.
Ariel Green Managing Director Jan Napiorkowski, commented, “We are proud to be the Technology Performance Insurer at Lloyd’s, leading the convergence of the green energy sector and the insurance industry.
“The demand for participation in the Consortium reflects the increasing demand for clean energy TPI as well as insurers’ commitment to support this fast-growing energy sector, while adding new and uncorrelated classes of business.”
Rachel Turk, Lloyd’s Chief Underwriting Officer, said, “Lloyd’s offers a unique global platform to host this renewable consortium thanks to our global licenses and position as the world’s leading specialist insurance market.
“We are delighted that major traditional insurance players view Lloyd’s and our consortia as a great platform to identify and support specialty insurance offerings in this segment.”
