Energetic Capital, a US-based specialist in credit insurance solutions for clean energy and infrastructure projects, has renewed its agreement with global reinsurer SCOR, extending a long-standing partnership that supports the company’s core credit insurance platform.
The latest renewal, which marks the seventh consecutive extension of the arrangement between the two firms, includes an increase in the single obligor maximum limit as well as additional underwriting capabilities.
According to Energetic Capital, the renewed agreement with SCOR is expected to strengthen its ability to support a broader range of distributed energy and infrastructure transactions as financing demand across the sector continues to grow.
“Energetic Capital has consistently demonstrated strong underwriting discipline and portfolio performance over multiple years,” commented Oliver Posgate, Global Line Head of Political & Credit Risk at SCOR Business Solutions. “We are pleased to continue our partnership and support the next phase of their growth as demand for critical infrastructure accelerates.”
Alongside the renewed SCOR agreement, Energetic Capital confirmed it has secured additional underwriting capacity from the Lloyd’s market, led by OAK Global’s syndicate 2843 through its recently launched OAK Horizon strategic business unit.
“We see a compelling opportunity to deploy re/insurance capacity through Energetic Capital’s underwriting platform,” added Tom Dickson, Chief Underwriting Officer, OAK Horizon and President, Innovation Strategies, OAK Global. “We’re pleased to partner with the team at Energetic through a Lloyds line slip, which offers a scalable structure to support a growing and increasingly diverse pipeline of infrastructure transactions.”
Energetic Capital stated that the combined facilities will expand the company’s underwriting reach across infrastructure and distributed energy markets, while also broadening the categories of risk supported through its platform.
The company added that it has facilitated more than $1.5 billion in transactions across 1,500 projects in 48 US states to date, helping finance critical infrastructure projects and improve access to capital for a variety of counterparties.
“This milestone reflects both the strength of our existing partnerships and the expansion of our platform,” said Nathan Maggiotto, Chief Executive Officer of Energetic Capital. “With SCOR’s continued support and new capacity from Lloyd’s led by OAK Global, we are well positioned to scale our underwriting and bring flexible solutions to a broader set of infrastructure opportunities.”
Energetic Capital said the expanded mandate and additional capacity will support further growth in its existing business lines while also allowing the company to explore opportunities in related sectors through its data-led underwriting approach and specialist access to the insurance market.
