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Ariel Re’s green-energy division to offer expanded capacity

Ariel Green managing director Jan Napiorkowski (Photograph supplied)

Ariel Green, a division of Bermudian-based Ariel Re, has expanded Lloyd’s first technology performance insurance consortium.

First launched in 2023, Ariel Green successfully renewed the consortium, while growing the number of markets participating and capacity available, to protect clean-energy technologies and projects.

With the consortium’s backing, Ariel Green now offers TPI policies with up to $150 million in aggregate per risk, and more in special circumstances, allowing the major clean-tech projects and stakeholders to benefit from meaningful risk transfer.

The company said the increased scale will allow the clean-energy sector to access more capital and accelerate deployment of innovative technologies essential to achieving net zero.

“We are proud to be the technology performance insurer at Lloyd’s, leading the convergence of the green.energy sector and the insurance industry,” said Ariel Green managing director Jan Napiorkowski.

“The demand for participation in the consortium reflects the increasing demand for clean energy TPI as well as insurers’ commitment to support this fast-growing energy sector, while adding new and uncorrelated classes of business”.

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Published May 30, 2024 at 12:49 pm (Updated May 30, 2024 at 9:49 pm)

Ariel Re’s green-energy division to offer expanded capacity

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