Axis Capital Holdings has formed a renewable energy team within its insurance business, which will insure and assess risks for renewable energy producers and distributors, including wind turbines, biofuel plants, solar energy systems, hydroelectric power generators and other renewable energy operations.
Matthew Melville will join Axis Insurance as senior vice president to lead the newly formed renewable energy team. Most recently, he was chief underwriting officer of GCube Underwriting, a specialist insurance underwriting agency in the renewable energy market. Richard Carroll will join Axis Insurance as vice president from GCube where he was business development manager.
Jack Gressier, chairman of Axis Insurance, said: Axis Insurance has served the energy sector consistently since its inception, and as the marketplace has become more environmentally conscious, we have broadened our expertise to meet its emerging insurance needs.
Our new team’s knowledge of and experience in the rapidly developing renewable energy sector ensures that Axis Insurance will continue to engage its clients with the highest level of expertise. With this deep understanding of the market and Axis Capital’s financial strength, we are well-positioned to provide value and service to a growing market.”
Axis Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance and is located in Bermuda, the US, Europe, Singapore, Canada and Australia.