Ascot Underwriting Ltd. has fashioned Renewco Consortium (ReCo), a devoted and impartial underwriting platform for the renewable energy industry.
The Lloyd’s consortium is collectively led by means of Ascot and Chaucer and controlled by Ascot; Skuld is the 0.33 consortium partner.
With capability of up to US$one hundred sixty five million in step with threat, the consortium is an alternative to the large non-Lloyd’s insurers and dealer-affiliated centers, in line with a declaration from Ascot.
ReCo gives professional lead ability and complete insurance with a huge geographic attain, centered to start with on utility scale onshore wind and sun photovoltaic (PV) installations. The consortium is designed to give agents and clients brief get right of entry to to big scale capacity at Lloyd’s both with Ascot or Chaucer.
“as the renewable strength marketplace maintains to grow and evolve there may be growing call for from our agents and clients for green get right of entry to to specialist Lloyd’s potential,” said Andrew Brooks, leader govt officer of Ascot Underwriting Ltd.
“by means of developing a consortium with like-minded first magnificence capital within Lloyd’s, we're generating more meaningful scale and market presence, supporting the expanding renewable strength sector,” he introduced.