Power
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The hail which hit Texas in early summer 2022 alone resulted in solar losses estimated to exceed $300mn.
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Founded by Ryan Specialty, the underwriter can now write limits of up to $400mn per project.
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Nat cat and extreme weather claims have become more frequent and severe with hail, heavy rain and wildfires leading to significant losses.
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In a second hire within the broker’s offshore wind team, Sarah Burston returns.
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The large number of “unwinterised” assets in the north of the state could lead to a slew of claims.
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The MGA has made a number of key hires in the region since its acquisition by Tokio Marine HCC.
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The sanctions will further complicate the delayed construction of the 2,460 km pipeline between Russia and Germany.
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Co-founders include former Lockton executive Bill Kost.
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The deal comes as renewable energy rates continue to harden.
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The withdrawals are part of ongoing efforts to redeploy capital away from underperforming lines of business.