GCube, a provider of insurance services for renewable energy projects, has increased its underwriting capacity to $680m for wind energy and solar projects worldwide.
GCube has underwriters with binding authority in the US, and additional underwriting support in London for renewable energy projects around the world.
With a team of over 50 renewable energy insurance professionals and outsourced engineering, blade and gearbox repair services, GCube offers a package of risk transfer, risk control and risk mitigation services that is more comprehensive than any other insurer in the market.
In an additional recent development, GCube has launched a specialised workers compensation insurance service, for the wind and solar industry, which combats the increasingly complex challenge of providing employees with effective, practical operational protection.
GCube president John McLane said GCube provides an insurance solution that is the most comprehensive and intelligently priced option in the sector; positioning GCube as a stable and reliable market participant.
"Our goal is to provide renewable energy owners and operators, and their insurance brokers, with the tools to more effectively manage the risks they want to retain and transfer those risks they do not want," McLane said.