Lloyd's Asia launches new renewable energy consortium

27 December 2021 —
Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, has launched a new renewable energy consortium, to respond to the growing needs of the APAC region and supporting countries, as they transition to greener energy solutions.

Developed by the Lloyd's Asia platform, the consortium pools underwriting expertise and capacity among the participating syndicates for renewable energy risks and is positioned to capitalize on the growth opportunities seen in this sector, such as onshore construction, as well as the operational risks of solar and wind energy projects.

The new consortium has been developed by Chaucer, Markel, and Munich Re Syndicate Ltd (MRSL) and has a maximum working capacity of USD100 m per project.

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