Log In

Reset Password
BERMUDA | RSS PODCAST

Aspen increases capacity agreement with kWh

First Prev 1 2 Next Last
Josh Jennings, SVP and head of Inland Marine at Aspen Insurance (File photograph)

kWh Analytics Inc, the climate insurance company, has announced a significant increase in its capacity agreement with Bermudian-based Aspen Insurance to support its property insurance offering for renewable energy projects.

With this increase, the San Francisco-based organisation said, kWh Analytics is able to underwrite up to $75 million per renewable energy project location and has full delegated authority to cover accounts comprising up to 100 per cent of operational solar and/or battery energy storage systems projects and up to 50 per cent of wind and/or construction accounts.

kWh Analytics’ capacity increase comes after the company partnered with Aspen to launch property insurance underwriting and capacity for renewable energy assets in January 2023.

The company said kWh Analytics and Aspen now have four of the top ten global insurance or reinsurance partners on their panel.

Jason Kaminsky, CEO at kWh Analytics, said: “This capacity raise is a strong indicator of confidence in our company’s data and sophisticated modelling capabilities and the industry’s desire to encourage resilient renewable assets.

“Adding capacity enables us to expand coverage options for responsible asset owners, supporting renewable energy growth amidst worsening natural disasters by incentivising resilience and bridging the protection gap.”

Josh Jennings, SVP and head of Inland Marine at Aspen Insurance, said: “kWh Analytics' data-driven approach is consistent with Aspen’s future-focused underwriting strategy, and we’re delighted to continue our collaboration to meet our clients’ evolving needs with innovative renewables solutions.

“This increased capacity provides additional options for asset owners who are proactively designing, building and maintaining resilient assets, and it further strengthens our commitment with kWh Analytics to offer solutions for the growing demands of the renewable energy market.”

Jason Kaminsky, CEO at kWh Analytics (File photograph)

You must be Registered or to post comment or to vote.

Published April 09, 2024 at 3:49 pm (Updated April 09, 2024 at 7:03 pm)

Aspen increases capacity agreement with kWh

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon