Reinsurance News
New Energy Risk
New Energy Risk secures first tax credit insurance transaction
26th September 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced its first tax credit insurance transaction, in partnership with the tax insurance broker at Alliant Insurance Services. NER has bound its first tax credit insurance policy to support a utility-scale solar ... Read the full article
George Schulz to succeed Tom Dickson as New Energy Risk CEO
14th May 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced the promotion of George Schulz to Chief Executive Officer (CEO), effective June 1. Schulz will be succeeding outgoing CEO Tom Dickson, who is departing the company after more than a decade ... Read the full article
New Energy Risk partners with Topsoe to support its electrolyzer projects
10th January 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has partnered with Topsoe to become the preferred insurance provider for its hydrogen electrolyzer business. NER will assist in the global deployment of Topsoe’s electrolyzer technology by facilitating cost-effective financing for the company’s ... Read the full article
NER, Erthos & CAC Specialty to place insurance-backed warranty for Earth Mount Solar
6th September 2024
Specialist managing general underwriter, New Energy Risk (NER), a wholly owned division of Paragon Insurance Group, and CAC Specialty, an insurance broker have partnered with Erthos, a large-scale renewable energy technology company to develop an insurance-backed warranty product for their Earth Mount Solar technology. After extensive due diligence, NER confirmed the ... Read the full article
New Energy Risk partners with Westfield Syndicate to launch new Lloyd’s lineslip
1st July 2024
Specialist managing general underwriter, New Energy Risk (NER), a wholly owned division of Paragon Insurance Group, and insurer Westfield Syndicate are launching a new Lloyd’s lineslip focused on providing technology performance insurance and other insurance products to the energy transition space. Through this additional capacity under the lineslip, NER will expand ... Read the full article
New Energy Risk & Ascend close industry-first energy storage insurance policy
21st December 2023
New Energy Risk (NER) and Ascend Analytics, LLC (Ascend) have closed an industry-first energy storage insurance policy, that is set to provide coverage for the performance of Ascend’s battery storage forecasting and bidding optimization platform. According to the announcement, the policy will enable the financing of a portfolio of grid-scale energy ... Read the full article
AXA XL’s New Energy Risk partners with Markel on Bloom Energy fuel cell tech
20th January 2022
AXA XL's New Energy Risk subsidiary has partnered with insurer Markel to address the surge in demand for Bloom Energy fuel cell technology in the U.S. and globally. The collaboration sees New Energy Risk underwrite and structure performance insurance solutions that are issued by a member of company of Markel, and backed with ... Read the full article
AXA XL’s New Energy Risk insures fuel cell project in South Korea
21st October 2020
New Energy Risk (NER), an affiliate of global re/insurer AXA XL, has provided an insurance solution to Bloom Energy to facilitate the purchase and financing of fuel cells in South Korea. NER developed an insurance solution and monitoring schedule that addresses the operation of the fuel cells for 15 years. NER has ... Read the full article
AXA XL’s New Energy Risk announces key hires, promotions
27th September 2019
New Energy Risk, an affiliate of global re/insurer AXA XL, has announced the appointments of Matt Lucas as Managing Director, Business Development and Dvorit Mausner as Director of Execution. Lucas will lead the firm’s expansion into new technology sectors, geographies, and products. He started his career at Siemens as an innovator-in-residence. Mausner ... Read the full article
New Energy Risk backs $260mn plastics-to-fuel plant with policy by AXA XL
24th April 2019
New Energy Risk, an insurer for renewable technology projects, has provided RES Polyflow, a plastics-to-fuel technology company, with a performance insurance program designed by AXA XL. The policy will mitigate technology risk for financiers interested in investing in RES Polyflow’s Ashley, Indiana plant, which will be the first commercial-scale plastics-to-fuel project ... Read the full article
AXA XL affiliate signs MoU with ThermoChem Recovery
1st February 2019
New Energy Risk (NER), a provider of performance risk solutions for breakthrough technologies and an AXA XL affiliate, has signed a memorandum of understanding (MoU) with ThermoChem Recovery International, Inc. (TRI), designed to accelerate project development, increase profits and provide certainty of execution. NER has completed due diligence on TRI's range of biorefinery-technologies, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
