Aviva Renewable Energy launches exclusively through UK brokers

ESG

Offering is targeting renewable energy companies that operate domestically and abroad.

Aviva has launched a renewable energy offering exclusively through UK brokers.

The insurer said the package of policies, titled Aviva Renewable Energy, had been designed to cover the needs of renewable energy companies in their home market as well as overseas.

The policies cover marine project cargo, construct and operations, third party liability, and terrorism.

Aviva said it has already begun working with several clients in the sector, spanning smaller national firms to those with international portfolios.

Comment
Patrick Tiernan, managing director of UK commercial lines at Aviva, commented: “This is an exciting time for Aviva as we look to support the critical growth ambitions necessary in the renewable energy sector to reduce our reliance on fossil fuels. 

“We are already working with our largest brokers and clients to ensure we can be their partner of choice as the UK economy prepares for carbon neutrality in 2050.”

Sustainability
Tiernan described Aviva Renewable Energy as the latest step in the insurer’s “sustainability journey”.

He continued: “At the start of 2019, Aviva UK exited the standalone operational fossil fuel power market as part of its commitment to help tackle climate change.”

In July 2019, Aviva was founding signatory of the finance principles of the ‘Powering Past Coal Alliance’.  

The insurer also claims that, in 2006, it was the first global insurer to become carbon neutral.

Team
Aviva Renewable Energy is provided through a single underwriting team.

The team includes Matthew Gordon, deputy CUO and head of specialty; Victoria Kent, head of renewable energy and engineering; and Nick Evans, renewable energy underwriting manager.

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