In a bold move to champion sustainability and bolster the clean energy sector, global reinsurer Ariel Re has officially rebranded its Clean Energy division as “Ariel Green.”
Recognising the pivotal role of Technology Performance Insurance in advancing innovations within solar, energy storage, hydrogen, and bioenergy, Ariel Green aims to combat climate change through proactive support for the industry.
Having already insured assets valued at an impressive $30 billion across six continents, Ariel Green boasts a diverse portfolio that encompasses over 30 clean energy technologies.
A remarkable achievement for the company this year was reaching a milestone of insuring more than 100 gigawatts (GW) of solar warranties.
Technology Performance Insurance policies offered by Ariel Green serve as a safety net against production shortfalls stemming from technology failures. This assurance empowers manufacturers to issue long-term warranties and allows clean energy projects to secure vital funding.
As a result, these projects can successfully launch, construct, and operate profitably. Notably, this approach enables lower-cost capital providers to engage in commercialised technologies and innovative ventures without the need for a risk premium.
Jan Napiorkowski, Managing Director of Ariel Green and a pioneer of Technology Performance Insurance since 2009, emphasises the significant benefits of performance insurance in today’s competitive market.
“Especially in today’s high-interest market, we believe that performance insurance offers technology manufacturers and developers a powerful differentiator that can help them reassure investors, obtain financing on better terms, and increase speed to market,” he stated.
As the global community strives to achieve Net Zero emissions, Ariel Green recognizes the growing imperative to finance the trillions required for the clean energy transition.
Napiorkowski adds, “And as more clean energy projects come online, legacy fossil fuel facilities can be shuttered, and their emissions abated.”
Headquartered in London, with additional offices in Hong Kong and Bermuda, Ariel Re underwrites insurance and reinsurance products through its Syndicate 1910 at Lloyd’s of London. The company has been offering clean energy Technology Performance Insurance since 2016.
Over the past seven years, Ariel Green’s clean energy insurance business has demonstrated robust growth, aligning with increased interest and investment in various renewable and clean energy initiatives.
These include solar, energy storage, biofuels, waste-to-energy, hydrogen, and fuel cells, among other cutting-edge technologies.
Napiorkowski emphasizes that Ariel Green’s value to the industry is rooted in its specialised team of underwriters, known for their technical and financial expertise.
Collaborating closely with clients, they craft tailor-made solutions that are pivotal for the success of large-scale projects and meaningful risk transfer.
Ryan Mather, CEO of Ariel Re, underscores the compelling business case for enhancing their offerings. “Ariel Green brings a very strong value proposition, both in terms of technical underwriting expertise and in improving their ESG footprint—our capital really likes that.”
He also highlights the company’s commitment to being a dependable long-term partner, offering non-cancellable Lloyd’s policies and debt tenor matching, providing stability and predictability for brokers and clients alike.
Napiorkowski sees the rebranding of Ariel Green as a means to expand their reach within the clean energy markets.
He notes, “Despite our success to date, we feel that we are only scratching the surface as many tech companies, project developers, and investors remain unaware of Technology Performance Insurance, and how it can help them backstop warranties, secure financing for projects or enable mergers and acquisitions.”
