Howden, the global insurance intermediary group, has expanded its Aviva-led, Lloyd’s-accredited renewable energy facility across its UK retail network of renewable energy hubs.
According to the firm, this expansion follows a successful pilot programme with Howden Scotland, and underscores its continued drive for innovation in insurance and supports the UK’s transition to a low-carbon economy.
“The facility has a capacity of up to £150M per declaration, offers pre-agreed rates and bespoke policy terms, providing Howden’s clients with a competitive and streamlined approach to securing construction and operational insurances for their renewable energy assets,” Howden explained.
The facility reportedly offers comprehensive cover across both construction and operational phases for a range of green technologies, including Onshore Wind, Solar PV, Battery Energy Storage Systems (BESS), and Hydro Power.
Deborah Duss, Head of Strategy for Industry Evolution, commented, “Howden’s renewable energy facility provides the speed of service to our clients that is required to succeed in this very agile and cost-competitive industry. The tech solution enables innovation and process automatisation whilst not sacrificing underwriting expertise.”
Matthew Gordon, Underwriting Director – Specialty, Real Estate & Strategic Initiatives at Aviva, said, “We’re delighted to be partnering with Howden on this renewable energy facility. At Aviva, we’re committed to supporting the UK’s transition to a low-carbon economy, and this platform is a great example of how smart technology and deep sector expertise can come together to deliver real impact and help the UK get ready for a more sustainable future.
“The facility’s success so far reflects the strength of our collaboration and the growing demand for streamlined specialist insurance solutions in the renewable energy space.”
