Beazley has agreed to acquire renewable energy managing general agent kWh Analytics.

The acquisition will expand the specialty insurer’s capabilities in modelling, underwriting and risk management across renewable energy portfolios.

kWh will be integrated into Beazley’s MAP Risks team, covering marine, accident and political risks. Jason Kaminsky, chief executive officer of kWh Analytics, will report to Tim Turner, group head of MAP Risks, and will support the transition underwriting strategy led by Kelly Malynn.

Adrian Cox, chief executive officer of Beazley, said: “The energy transition represents one of the most significant opportunities for the specialty insurance market. At Beazley, we see transition underwriting as a dynamic, long-term driver of structural growth, with investment in the energy transition projected to reach multiple trillions in the next decade.

“kWh Analytics’ reputation as an innovative player in the renewable energy space is well established, and this acquisition reflects our continued investment in the capabilities needed to support our transition clients with solutions to complex risk."

Jason Kaminsky, CEO of kWh Analytics, added: “Joining Beazley represents an exciting new chapter for kWh Analytics. Together, we will accelerate the development of risk products and services that support the energy transition. Beazley’s global reach and commitment to innovation make them the right partner to scale our mission.”

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