Ace Renewable Energy provides cover across renewable energy risks
Ace European Group has launched insurance for UK renewable energy producers and providers, called ACE Renewable Energy.
Ace Renewable Energy provides cover across a scope of renewable energy risks. Alongside more established areas such as wind power, cover is provided for complex risks including waste to energy, waste management and the production of biofuels.
Cover, including construction/erection all risks, third party liability, industrial all risks and contractors and premises pollution, will be written on a local basis through Ace’s network of UK regional centres.
Commenting on the launch, Alistair Macintyre, UK product development manager, said: “We have used our underwriting and claims experience in this sector to develop a unique range of covers to insure the varied and emerging risks faced by this industry. Ace Renewable Energy is a solution for providers which responds to the increased relevance and importance of alternative energy and power sources.
“This is a complex market and many covers have been limited to particular types of renewable energy production, such as wind power. When you consider that approximately 50% of renewable energy electricity capacity comes from methods such as landfill gas, waste and biofuel generation, the need for more relevant insurance cover is clear.”
