A new underwriting firm that will insure projects involving wind power, biofuels, hydroelectric power, solar power and tidal energy from offices in the United Kingdom and the United States, announced its launch today.
GCube Underwriting Limited (U.K.) and GCube Underwriting Services Inc. (U.S.) said it plans to provide comprehensive insurance services “to match an increased international appetite for renewable energy initiatives.”
The specialist insurance underwriter said it would be able to insure any renewable initiative up to $600 million for a single project, on- or off-shore. According to the firm, this would make it the largest provider of renewable insurance capacity in the world.
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