Thank you to our contributors
Dan Stevens Global Head of Engineering, Renewable Energy, AXIS
Sophie Draper Renewable Energy Engineer, AXIS (Report Lead Author)
Pierre-Adrien Opinel
Senior Renewable Energy Engineer, AXIS
German Torres Senior Underwriter, Renewable Energy, AXIS
Ed Gillespie Senior Underwriter, Renewable Energy, AXIS
Greg Beardsworth Senior Director, Product Marketing, Nextracker
Scott Mackaro, Ph.D. Director of Innovation & Forecasting, Vaisala Xweather
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About AXIS
AXIS, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. AXIS has locations in Bermuda, the United States, Europe, Singapore, and Canada.
At AXIS, we strive to help people and organizations navigate and manage risk in an increasingly complex and uncertain world. We believe that climate-related risks are among the most serious issues facing the world today and that the (re)insurance industry has an important role to play in enabling the transition to a low carbon economy. AXIS continues to support the development of renewable energies and the transition to a low-carbon economy by offering comprehensive coverage and protection for renewable energy projects worldwide.
About AXIS Renewable Energy
AXIS is one of the largest insurers of renewable energy having provided specialty solutions for the sector for more than 15 years. The AXIS renewable energy book has a truly global footprint across all construction and operational renewable energy projects. The total gross written premium for the onshore renewable energy account exceeds $200million, and our customers have projects located across the world, from Brazil to Pakistan, Australia to the United States.
About AXIS Energy Transition 2050TM
In 2024, we launched AXIS Energy Transition Syndicate 2050TM (S.2050), which brings together cross-class expertise to provide holistic, specialty risk solutions for activities and assets associated with replacing or displacing fossil fuels with lower-carbon alternatives. Every business is unique, requiring a varied mix of insurance coverage especially as they invest, develop, and engage with more sustainable energy sources and practices. When multiple risks require coverage, there often comes multiple insurers, opening up the potential for cover gaps, inconsistencies, and even dual insurance. AXIS provides greater certainty – you have one route to access the lead insurance capacity needed for your customers as they progress on their energy transition journey.
This material is for general information, education, and discussion purposes only. Statements contained herein are not professional or legal advice of AXIS Capital or its affiliates. AXIS makes no representations as to the accuracy or completeness of the information contained herein and is under no obligation to update or revise the information as a result of new information, research or future events. Implementing any recommendations or ideas discussed in this document does not guarantee the fulfilment of any obligations under any contract, compliance with any law, rule, or regulation, the avoidance of loss or that all reasonable preventative measures have been taken. AXIS assumes no liability by reason of the information within this material.
Claims examples may be based on actual cases, composites of actual cases or hypothetical claim scenarios and are provided for illustrative purposes only. Facts have been changed to protect the confidentiality of the parties. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law.
Visit www.axiscapital.com/londonmarket/product-information to read our product information.
