Pawel Kowalewski will lead GrECo Specialty's new Power & Renewables division

25 November 2020 — press.release
GrECo Specialty, a dedicated specialty unit of GrECo is further expanding its services for the energy sector. Due to the ever increasing importance of the power and renewables sector a dedicated division was established to better support our clients in this industry.

The new practice leader Pawel Kowalewski ACII, ARM, ARe will be heading the Power & Renewables division within the Group Practice Energy, Power & Mining. Pawel is a seasoned insurance and financial services professional with 28 years' experience in the industry. He joins GrECo Specialty from a leading Polish power utility conglomerate, where he was the Group Head of Risk Management and Insurance.

A major upheaval in the area of large corporate specialty insurance is expected in the upcoming years, as insurance capacities are withdrawing from carbon-intensive industries. Our objective is to provide existing and prospective clients of the Energy, Power & Mining Group Practice with state-of-the-art risk transfer solutions and optimise their Total Cost of Risk.

The newly formed division Power & Renewables has a clearly defined mission:
  • Provide bespoke re/insurance and Alternative Risk Transfer solutions to companies operating conventional and emerging technologies;
  • Long-term orientation to serve clients requiring sufficient time to transition and adapt to the future of energy, at the same time maintaining agility and leanness to help them achieve short-term objectives;
  • Be a knowledge-driven organisation utilising advanced technology to assist GrECo clients with building and maintaining resilience;
  • Become first mover to create cutting-edge risk & insurance solutions for the Power & Renewables sector.

ZviadiVardosanidze, General Manager of GrECo Specialty and Group Practice Leader Energy, Power & Mining, said:

"Pawel has exceptional knowledge and understanding of client's objectives, concerns and constraints, as he has successfully managed the overhaul of insurance programs for the largest power producer in CEE. In addition, he has excellent relationships with key stakeholders in the re/insurance industry. I am looking forward to further develop our Group Practice."




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