Reinsurance News

GCube sets up post-Brexit hub in Amsterdam, names senior underwriters

25th September 2019 - Author: Matt Sheehan

Specialist renewable energy insurer GCube has bolstered its European presence with the establishment of a new base in Amsterdam, which will serve as a hub to service clients following the UK’s exit from the European Union (EU).

At the same time, GCube has appointed Andries Veldstra and Elkhadir El Hammdaoui as Senior Underwriters in the business.

Both Veldstra and El Hammdaoui have more than 15 years’ experience in the insurance industry and join GCube from Nationale Nederlanden (NN), where they specialised in underwriting European offshore wind projects.

At GCube, they will support the London-based underwriting team, while establishing the company’s presence in the Netherlands and expanding the reach of the business in Europe.

“As GCube continues to expand its international reach, we’re aiming to supplement our European presence as GCube continues to deliver the highest standards of underwriting and claims support to our clients across the continent,” said Fraser McLachlan, CEO, GCube Underwriting Ltd.

He continued: “We have been able to take advantage of a fantastic opportunity to bring on board two highly-respected offshore wind underwriters. Andries’ and Elkhadir’s respective track records are impressive, and their expertise will be an invaluable asset to GCube as we strive to continually enhance the service we provide to our renewable energy clients.”

Commenting on his appointment, Veldstra added: “We’re looking forward to working as part of a team who have specialised exclusively in renewable energy underwriting for over a decade.

“As the risk profile of offshore wind in particular continues to evolve, a sustainable underwriting approach and a long-term outlook on risk management are essential, and GCube has built a strong reputation across the entire renewable energy space.”

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