Generali’s P&C division Global Corporate & Commercial UK has announced a strategic partnership with Power Energy Risk (PERse), a US-based renewable energy underwriter and part of the Ryan Specialty Group (RSG).
Generali GC&C UK hopes to enhance its existing capabilities by partnering with PERse and bolstering its expertise in the renewables sector.
Concurrently, PERse will foster its business outside of the US by leveraging GC&C’s footprint as a leading insurer with an international network and broad marketing capabilities across the property and casualty space.
“We are delighted to announce this agreement that brings together PERse’s capabilities and expertise in the renewables sector with Generali Global Corporate & Commercial’s extensive global network and local knowledge in over 160 countries around the world,” said Manlio Lostuzzi, Generali Global Corporate & Commercial Chief Executive Officer.
“We are also proud to play an active role in supporting the transition towards a more sustainable society and have an impact on the real economy.
“For us sustainability means doing business well, with a long-term goal for people and communities. This partnership confirms this approach by further offering insurance coverage for clean energy production.”
PERse CEO Michael Bernay added, “We are delighted to have the support of such a renowned and respected global insurance name as Generali as this exciting new platform takes off.
“With this trading collaboration, we look forward to compounding the successful relationships we have collectively fostered with our brokers and their clients.”