Specialty re/insurance coverage group Chaucer introduced the creation of a devoted crew for Renewable Energy as a part of plans to broaden its Vitality Division and supply devoted help to grease and gasoline purchasers as they transition in direction of cleaner and extra sustainable power manufacturing.
The Vitality Division will now be cut up into two groups: Renewable Energy and Pure Assets.
The newly created Renewable Energy crew can be led by Lyndsey Picton as head of Renewable Energy. Picton has been with Chaucer for 16 years, underwriting upstream power and related building dangers. She spent 5 years in Chaucer’s Singapore workplace creating Chaucer’s power profile within the area, earlier than returning to London in 2019.
Picton can be answerable for constructing the group’s functionality for underwriting onshore and offshore renewable energy dangers. The crew is within the course of of constructing a number of strategic hires, together with a brand new class underwriter, set to affix within the second quarter of 2022.
The restructured Pure Assets crew can be led by the present head of Upstream, James Brown, who will assume the function of head of Pure Assets. Brown is a extremely revered underwriter with over 30 years’ expertise within the London market; he joined Chaucer in 2009 from Zurich Insurance coverage Group.
The Pure Assets crew will proceed to deal with prospects throughout the worth chain within the oil and gasoline sector, each in respect of their current actions and operations, and in new applied sciences and belongings related to the transition of the power business away from its conventional actions.
“Chaucer is a market chief in underwriting power dangers and has greater than a decade of expertise within the renewable energy market. The institution of a devoted crew catering to this fast-growing sector will strengthen our proposition and supply the assets wanted to service our brokers and purchasers,” commented Kelan Hunt, lively underwriter, Syndicate 1084 and head of Marine, Vitality and Aviation at Chaucer.
“As main economies develop their insurance policies round sustainably power and web zero emissions, Chaucer is devoted to partnering with the power business offering innovation, threat administration and threat switch by this transformative interval,” Hunt added.
Keen on Vitality?
Get automated alerts for this matter.