Reinsurance News

Renew Risk

Renew Risk adds Japan offshore wind cat models to portfolio

6th May 2025

Renew Risk, a risk modelling and analytics firm, has launched two new earthquake and typhoon models for offshore wind farms in Japan. Specifically designed for Japan’s disaster-prone offshore wind sector, these are the first and only commercially available catastrophe models launched as the country focuses on expanding its wind power capacity ... Read the full article

Renew Risk raises £5m to boost renewable energy risk analytics

18th February 2025

Renew Risk, a risk analytics SaaS provider for renewable energy assets, has secured £5 million in funding. The round was led by Molten Ventures and included participation from Lloyd's, existing investors Insurtech Gateway, and influential angel investors. The company plans to use the investment to further develop its proprietary risk model suite, ... Read the full article

GCube Insurance partners with Renew Risk to enhance renewable energy risk analytics

3rd November 2023

GCube Insurance, a prominent underwriter for renewable energy projects, is entering into a strategic partnership with Renew Risk, a leading Software-as-a-Service (SaaS) risk analytics provider. This collaboration is set to bolster GCube's capabilities in offshore wind risk analytics and modeling, with significant benefits for its offshore wind clients. Under this partnership, GCube ... Read the full article

McGill and Partners and Renew Risk develop cat models for offshore wind portfolios

27th September 2023

Specialist re/insurance broker, McGill and Partners, has collaborated with Renew Risk, a risk analytics SaaS provider for renewable energy assets, to develop bespoke catastrophe models for offshore wind portfolios. According to the announcement, this collaboration is responding to the increased demand for in depth catastrophe modelling as offshore wind projects venture ... Read the full article

Renewable energy specialist Renew Risk raises £1.7m in funding

7th September 2023

Renew Risk, a London-based clean-energy risk analytics Software-as-a-Service (SaaS) startup, has raised £1.7 million in seed funding to improve the financing, planning and insurance for renewable energy assets. The funding round was led by strategic investor Insurtech Gateway with participation from ClimateTech fund One Planet Capital, the University of Surrey, and ... Read the full article