Reinsurance News
renewable energy
Renew Risk appoints Joshua Macabuag as Chief Executive Officer
18th March 2026
Renew Risk, a specialist provider of analytics focused on risks affecting renewable energy assets, has named Joshua Macabuag OBE FREng as its new Chief Executive Officer. The company develops catastrophe risk models and data tools designed to support the insurance and energy sectors in assessing and managing risks linked to renewable ... Read the full article
kWh Analytics boosts renewable energy coverage with renewed Aspen Specialty partnership
6th February 2026
kWh Analytics, a provider of climate and risk management for renewable energy projects, has successfully renewed its agreement with Aspen Specialty, expanding support of its Property Insurance offering for renewable energy assets and projects. Thanks to this extended partnership, kWh Analytics can now insure up to $100 million per renewable energy ... Read the full article
London Market a critical partner in energy security and growth: LMG
20th November 2025
A new report from the London Market Group has identified energy security as a cornerstone of national resilience and strategic autonomy, emphasising the crucial role of insurance, particularly the London Market, in unlocking, promoting, and enabling the growth of new energy sources in the UK and worldwide. LMG's new report, "Helping ... Read the full article
McGill and Partners expands capacity for Auton digital facility
17th November 2025
McGill and Partners, the independent global specialty insurance and reinsurance broker, has announced an increase in capacity for Auton, its digital cross-class auto-follow facility. Entering its second year, the facility will increase its maximum capacity from 20% to 25% for all eligible lines of business, providing clients with greater flexibility and ... Read the full article
Pen Underwriting enters renewable energy market
14th November 2025
Pen Underwriting, a multi-class, multi-territory managing general agent (MGA), has launched a new risk management-led insurance product serving the needs of the waste-to-energy anaerobic digestion (AD) industry, thereby entering into the renewable energy sector. Designed to cover the full range of property and liability exposures faced by AD businesses, Pen’s comprehensive ... Read the full article
Investment in energy transition, climate mitigation & adaptation to cross $80trn by 2040: Swiss Re
6th November 2025
According to global reinsurer Swiss Re, investments in energy transition, climate mitigation, and adaptation are projected to exceed $80 trillion by 2040, reflecting the accelerating pace of global decarbonisation efforts. The company says this marks a shift from experimentation to large-scale deployment, demonstrating how the growing global energy transition is reshaping ... Read the full article
Nick Clay to lead Chubb’s Renewable Energy & Alternative Fuels Industry Practice
7th October 2025
Global insurer Chubb has announced the appointment of Nick Clay as Renewable Energy & Alternative Fuel (REAF) Industry Practice Lead for UK & Ireland. Clay will lead Chubb’s new Renewable Energy & Alternative Fuels Industry Practice, which provides multi-line insurance solutions for both the construction and operational phases of renewable energy ... Read the full article
Howden expands renewable energy facility across UK hubs
2nd October 2025
Howden, the global insurance intermediary group, has expanded its Aviva-led, Lloyd’s-accredited renewable energy facility across its UK retail network of renewable energy hubs. According to the firm, this expansion follows a successful pilot programme with Howden Scotland, and underscores its continued drive for innovation in insurance and supports the UK’s transition ... Read the full article
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
kWh Analytics adds new $20m capacity layer to nat cat solution for renewable energy industry
29th August 2025
kWh Analytics, a climate insurer and risk manager for renewable energy projects, through its licensed insurance entity, Solar Energy Insurance Services, Inc., has expanded its portfolio with a new Excess Natural Catastrophe coverage to protect the renewable energy market from severe convective storms. The Excess Natural Catastrophe layer will provide up ... Read the full article
LSM strengthens power and renewables offering with key appointments
15th August 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced a number of strategic appointments within its energy division aimed at bolstering its power and renewables offering. Alex Nelson has joined the energy team as Underwriting Manager for Power & Renewables, alongside Andrea Ciraci and Oliver Prout, who have ... Read the full article
Soft market conditions persist in renewable energy sector due to extra capacity: Willis
14th July 2025
According to the latest Renewable Energy Market Review by insurance broker Willis, a WTW business, the renewable energy market remains soft due to an oversupply of capacity, which is intensifying competition among insurers and continues to drive pricing downward. Despite ongoing global pressures and softening market conditions, optimism is anticipated to ... Read the full article
Ryan Specialty Renewables launches to expand global energy insurance capabilities
12th June 2025
Ryan Specialty Underwriting Managers, the specialty underwriting arm of Ryan Specialty, has announced the launch of Ryan Specialty Renewables, a new international business unit that brings together several renewable energy managing general underwriters (MGUs). This includes PERse Americas, PERse International, newly established Ryan Specialty ventures, and Albus, which joined the company ... Read the full article
Chaucer appoints Jordan Ray as Head of Renewable Energy and Energy Transition
27th May 2025
Chaucer Group, a global specialty insurance and reinsurance group, has announced the appointment of Jordan Ray as Head of Renewable Energy and Energy Transition. Based in London, Ray will report to and work closely with Simon Schnorr, Head of Marine and Energy. In her new role, Ray will lead the development of ... Read the full article
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
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