VestNexus.com

5010 Avenue of the Moon
New York, NY 10018 US.
Mon - Sat 8.00 - 18.00.
Sunday CLOSED
212 386 5575
Free call

McGill and Partners launch Auton Green to increase onshore renewables capacity

Specialty insurance and reinsurance broker McGill and Partners has expanded its fully digital, auto-follow facility, Auton with the launch of Auton Green to include additional capacity for onshore renewable energy risks.

This launch will enable clients globally to access up to 40% capacity on onshore renewable energy lines, a 20% increase from the other lines written through Auton and one of the largest single lines offered by a broker-follow facility. It will also provide additional capacity for onshore wind, solar, hydro, and battery storage

Auton Green is being aided by the financial strength of the Lloyd’s market, with participating syndicates that include Beazley, AXIS Energy Transition Syndicate 2050, and Munich Re Specialty.

With this launch, McGill and Partners continues its focus on innovation, providing efficient market access through intelligent, automated risk selection.

The bespoke rules engine, part of McGill and Partners’ proprietary digital platform Underscore, ensures streamlined access to market capacity, enhanced negotiation of terms, and live data to support better decision-making.

Tom Sexton, Partner, Head of Renewables, Power and Energy at McGill and Partners said, “Our digital-first approach at McGill and Partners is all about empowering clients with innovative solutions for their unique business needs.

“The launch of Auton Green takes this a step further, offering a global, world-class, secure facility that provides access to up to 40% full-follow capacity on onshore renewable energy lines.

“This facility will ensure risks will be completed on the most competitive terms and in an extremely efficient manner, providing significant benefits for our international renewable energy clients.”

Richard Carroll, Global Head of Energy Resilience at AXIS added, “The renewable energy sector has a critical role in supporting the global shift towards a greener, lower carbon future. As the onshore sector expands and its need for specialist insurance coverage increases, we are pleased to support Auton Green and deepen our strategic partnership with McGill and Partners as they develop efficient coverage solutions for onshore clients.”

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.