International insurance broker Howden has appointed Andy Cox as Head of Energy Transition, effective immediately.
Cox holds over three decades of experience in the energy sector, having previously served as a Partner at KPMG.
His most recent position there was UK Chair of Energy & Natural Resources, in which he was responsible for KPMG’s advisory and consulting services across a range of oil and gas and power and utilities clients.
In his new role, Howden states that Cox will support practitioners from across the firm as they advise clients and investors on de-risking the financing into energy transition projects, as well as guiding the development of new products.
In addition to his role at Howden, Cox holds various positions including Chief Impact Officer for Forward Institute and Non-Executive Director to the Energy & Infrastructure team at Browne Jacobson.
David Howden, Chief Executive Officer of Howden, commented, “We are committed to the role insurance has to play not only in the here and now of climate change, in areas such as disaster relief and loss and damage, but also in helping to build a sustainable, equitable future by working collaboratively with clients and insurers to address the risks of tomorrow.
“To do this we must attract diverse talent into our group and the wider industry as we work to accelerate the insurance market’s role in the global energy transition.
“Andy’s appointment represents an important step for us as we support our clients on this journey.”
Charlie Langdale, Head of Climate Risk and Resilience, Howden, added, “Our clients are increasing their investments into the energy transition by the billions and it is crucial that we have expert talent to identify how to mitigate and manage the risk.
“Andy will be essential in the growth and expansion of our offering. Not only will he support product innovation, but he will ensure that the insurance market plays a part in the largest-ever reallocation of capital in human history.
“Andy’s unique expertise and perspective will be key to helping our clients realise their growth opportunities that would otherwise be unavailable.”