Castel Underwriting has entered the renewable energy market with a new proposition primarily aimed at asset and revenue protection for wind and solar energy producers. Castel will underwrite a book of marine, construction and operating risks, business interruption, general liability, sabotage, terrorism and theft losses and natural catastrophe coverages.
Mark Birrell, chief executive of Castel, said: “The combination of a growing demand for coverage of renewable energy assets and access to underwriting expertise with the direct experience and understanding of the sector’s needs fits with our strategy of supporting and building underwriting cells with niche lines. We are very confident this addition to the portfolio will deliver profitable business.”
Garrod Hill, former executive vice-president of Albus Underwriting, a firm that specialised in insurance solutions for the renewable energy sector, joins Castel with further appointments to the new underwriting cell to be announced. Castel will commence underwriting with immediate effect with ‘A’ rated capacity.
Latest News
-
Aviation sector calls for urgent government help to survive pandemic travel restrictions
-
2021 Predictions: The data storage landscape of tomorrow
-
2021 Predictions: Collaboration in life sciences and insurance will drive further vaccine success
-
2021 Predictions: Cyber insurers will be on the front line in defending against digital threats
-
Car production hit by computer-chip shortages
-
SEPA continues to assess fallout from ransomware attack
Are property insurers ready for timber
The Structural Timber Association is gearing up to help all stakeholders in the construction supply chain to fully appreciate the advantages of building in timber, how to deliver such projects and most importantly to understand and manage the risks.
The changing face of BC and WAR
The working environment has changed quite dramatically for many over the last six months. With social distancing and the rise of homeworking, it is not just how businesses operate that has changed, but also how they recover. In this podcast we discuss some of the challenges created by the quick shift to home working, why the office may not have seen its last days and how the current environment can impact the ability of a business to recover.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories