Global specialty insurer to provide insurance expertise and support to Europe’s leading solar power trade organisation
AXIS Insurance, a business segment of AXIS Capital Holdings Limited, and SolarPower Europe announced that AXIS Insurance has been named the official insurance partner of SolarPower Europe. As part of the arrangement, AXIS Insurance will provide expertise and support to SolarPower Europe and its members to help them better understand and manage insurance risks across the solar energy industry.
AXIS Insurance’s team of global renewables specialists will work alongside the SolarPower Europe management team to advise on risk management practices for renewable energy companies that are members of SolarPower Europe.
Richard Carroll, Senior Vice President and Global Head of Renewable Energy at AXIS Insurance, commented: “We are pleased to be able to offer our renewable energy expertise and support to SolarPower Europe and its members and to advise them on managing the risks associated with solar energy developments. SolarPower Europe plays a critical role in helping to advance the European renewable energy industry, and we look forward to working with them to further promote the solar energy sector across both Europe and internationally.”
James Watson, CEO of SolarPower Europe, continued: “AXIS Insurance has a tremendous reputation in the renewable energy marketplace. The AXIS Renewable Energy team has quickly emerged as one of the leading solar energy insurers in the world, and we are pleased to be able to provide our members with access to AXIS’ renewable energy insurance experts and solutions.”
About AXIS Insurance
AXIS Insurance — a business segment of AXIS Capital Holdings Limited —provides Property & Casualty, Professional Lines, Terrorism, Marine, Energy, Aviation, Credit & Political Risk, Environmental, Accident & Health coverages and other customized insurance solutions. Our products are offered through our distribution partners, which include wholesale brokers, retail brokers and designated managing general agents/underwriters (“MGAs”/”MGUs”) in the U.S. and abroad. Coverages are backed by the financial strength and security of the AXIS Insurance Companies, rated “A+” (Strong) by Standard & Poor’s and “A+” (Superior) XV by A.M. Best.
About SolarPower Europe
SolarPower Europe, the new EPIA (European Photovoltaic Industry Association), is a member-led association representing organisations active along the whole value chain. Our aim is to shape the regulatory environment and enhance business opportunities for solar power in Europe.