The new energy in underwriting
The renewable energy sector is subject to constant change and development. Technologies are evolving and are often employed in untried and unforgiving environments. Recognising that our clients face some unique challenges, Ascot Underwriting created Ascot Renewco to address those challenges and support the development of the sector.
Ascot Renewco isn’t just an extension of Ascot’s existing energy business. It is a focused team of renewable energy experts, committed to developing insurance solutions across the full spectrum of the global renewable energy industry.
Supported by Ascot’s extensive expertise across other related energy, property and marine business, we cover all phases of renewable energy development. Our underwriters are able to transfer technology and experience honed in traditional insurances for the benefit of clients in this often more embryonic sector.
We offer flexibility in geographic reach and in coverage against risks ranging from the transportation of facility parts to the site and construction through to regular operations.
Specific coverages include:
- shipment and marine cargo
- project delay in start-up
- construction
- installation
- machinery breakdown
- operating (all risks of physical loss or damage)
- business interruption and increased costs of working
- third party liability
- terrorism and war
- political risks