What is the product?

Since 2015, Canopius has been a market leader in the renewable energy insurance sector. We are specifically focussed on major offshore wind projects in the UK, Europe and Southeast Asia, and continue to provide seamless insurance solutions across the lifetime of a project whilst under construction and then during operation. Canopius covers physical, business interruption/DSU and third-party liability insurance to the offshore wind generating industry, as well as for onshore wind, solar and hydro-electric clients.

Our renewable energy underwriting team is supported by a risk engineer and an experienced and knowledgeable claims team.

Canopius has written more than 250 projects globally offering up to $300m in capacity to support renewable energy providers, and we are committed to facilitating the development of green energy solutions required to ensure global energy transition.

How does it support green outcomes?

Enormous investment is planned across the world to achieve the transition from fossil fuels to more sustainable energy solutions, and technology continues to evolve at an extraordinary pace. Intelligent insurance solutions provided by experienced professional carriers underpin and encourage the investment necessary to facilitate that change.

Our underwriters and risk engineer continue to work with our clients to understand their risk and assist in the development of their businesses and their technology. Our claims team are experienced in settling complex technical claims when the unforeseen presents itself.

How does it enable customers today?

Canopius has played a leadership role and created risk transfer solutions for many offshore wind farm developments in both UK and Continental European waters providing construction and operational insurance for utility-scale windfarm projects and OFTO operations.

Canopius continues to develop our portfolio of onshore wind, solar and hydro-electric projects globally to complement our expertise offshore.