Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program
kWh Analytics, Aspen Partner on Property Insurance for Renewables
kWh Analytics, a leader in climate insurance, announced the launch of property insurance for renewable energy assets with capacity partner Aspen Insurance. This new product will provide coverage against physical damage for solar and other renewable projects.
Recent years have seen reduced limits and substantial cost increases for asset owners, with a need for new solutions to managing and underwriting risk. kWh Analytics property insurance brings new sophistication to the assessment of property risk and exposures for renewable assets, utilizing kWh Analytics’ proprietary database of over 300,000 renewable energy assets.
“The shift to a decarbonized economy is the largest macroeconomic revolution of our generation, and insurance will play a critical role in securing its future. Recognizing that this transformation requires a new approach to pricing, managing, and ultimately mitigating the new risks of the clean energy asset class, kWh Analytics is committed to underwriting products that enable the financing of renewable assets,” said Jason Kaminsky, CEO of kWh Analytics. ”
In addition to its insurance products, kWh Analytics is leveraging data to encourage resilient design practices.
Hub International Starts People & Technology Consulting
Hub International Limited (HUB) launched of its People & Technology Consulting practice in the U.S., with a seasoned team of more than 35 specialists who help clients develop and maintain high-performing human resources programs within the ever-changing talent recruitment and retention landscape.
HUB’s People & Technology Consulting helps clients harness their employee power with a human resources strategy, including the right processes and the right technology to drive performance and business results. While the formalized services are predominantly provided in the U.S., there are situational cross-border opportunities that the practice will address for North American clients and prospects.
Andrea Goodkin will lead HUB People & Technology Consulting as executive vice president and practice leader.
DUAL Launches New Fine Art Program
DUAL North America, Inc. announced the launch of a fine art underwriting program led by Casey Santangelo that will provide coverage for museums, galleries and dealers, and private and corporate collectors.
Santangelo joined DUAL in April 2022 as president of the fine art division and is responsible for program development and management, underwriting, and all day-to-day operations.
Beginning in January 2023, the Fine Art program will provide insurance products for a variety of art collections including paintings and sculptures, rare books and manuscripts, archaeological materials, antiques, and other objects of artistic or historic merit. The program will cover domestic and international risks and provide additional coverages including terrorism, flood, earthquake, defense costs, restoration, event cancellation, and more. Supported by a panel of insurers, the Fine Art program will offer $30 million primary limits and $50 million excess limits with a minimum attachment point of $25 million for excess placements.
The products will be underwritten through appointed wholesale and retail brokers across the U.S.