Markel and AEGIS announce renewables partnership

Markel International has entered into an agreement with AEGIS to provide expanded reinsurance capacity for onshore renewable energy projects in North America.

Markel will provide up to US$75m of its capacity behind AEGIS on renewable risks for its policyholders. Markel’s support will allow AEGIS to offer over US$400m in capacity on renewable policies.

Tom Baker (pictured), head of renewable energy at Markel International, commented: “We are delighted to work with a company of AEGIS’ reputation and standing, and to have the opportunity to work closely with their highly experienced renewable energy team.”

Thomas Cain, vice president and renewable energy product manager at AEGIS, added: “We are very happy to be working with Markel to increase our capacity offering at a time when our members are seeing accelerated growth in their renewable activities. Markel’s global presence and expertise in the renewable sector brings added value and shared insights on the renewable sector’s global trends.”

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