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.
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