Leading specialty insurer Beazley has reached an agreement to acquire kWh Analytics, a US renewable energy MGA, which will be embedded into its MAP (Marine, Accident & Political) Risks team.
Jason Kaminsky, CEO of kWh Analytics, will report directly to Tim Turner, Group Head of MAP Risks and be a key part of the transition underwriting strategy, which is led by Kelly Malynn.
“Joining Beazley represents an exciting new chapter for kWh Analytics. Together, we will accelerate the development of risk products and services that support the energy transition. Beazley’s global reach and commitment to innovation make them the right partner to scale our mission,” Kaminsky commented.
Beazley said the global energy transition represents a significant strategic growth opportunity and that it is focused on underwriting the complex risks needed to support that shift.
With this in mind, the specialty insurer said that the acquisition of kWh Analytics will add scale and strengthen its capabilities in modelling, underwriting and risk management across renewable energy portfolios.
Adrian Cox, CEO of Beazley, added, “The energy transition represents one of the most significant opportunities for the specialty insurance market.
“At Beazley, we see transition underwriting as a dynamic, long‑term driver of structural growth, with investment in the energy transition projected to reach multiple trillions in the next decade.
“kWh Analytics’ reputation as an innovative player in the renewable energy space is well established, and this acquisition reflects our continued investment in the capabilities needed to support our transition clients with solutions to complex risk. I’m excited to work with the fantastic team at kWh Analytics.”
Earlier this year, kWh Analytics renewed its agreement with Aspen Specialty, expanding support of its Property Insurance offering for renewable energy assets and projects.
In 2025, kWh Analytics added a new $20m capacity layer to its natural catastrophe solution for the renewable energy sector. Also, it closed a Munich Re-backed parametric wind proxy hedge for Apex Clean Energy.
In related news, this month, an agreement was reached for global insurer Zurich to acquire Beazley in an £8.1 billion all-cash transaction, bringing together “two highly complementary businesses to establish a global leader in Specialty insurance.”
