Aviva and Axis launch Lloyd’s consortium for UK renewable energy risks
Aviva and Axis have launched the A-Squared Consortium at Lloyd’s, combining £200 million of underwriting capacity to support the construction and operation of UK onshore renewable energy projects.
The A-Squared Consortium brings together the insurers’ underwriting expertise and capacity across onshore wind, solar and battery energy storage systems into a single coordinated offering. According to the companies, it is the first Lloyd’s consortium dedicated specifically to UK onshore renewable energy.
The consortium is designed to simplify insurance placement for brokers and clients by providing a coordinated route to securing cover while addressing growing demand for capacity in the renewable energy sector.
Operating within Lloyd’s, the facility will provide up to a 100% line size for qualifying risks or take significant lead positions. It will also offer consistent underwriting across renewable technologies, streamline quoting and placement through a coordinated approach, and provide shared risk engineering expertise.
Cover includes property damage, business interruption and third-party liability, with flexibility to accommodate more complex risks through referral.
Vicky Kent, head of renewable energy and engineering at Aviva, said: “The UK’s renewable energy ambitions require pace, scale and certainty to meet 2030 targets. This new consortium brings together the strength of Aviva and Axis to offer brokers and clients a simpler, more coordinated way to secure cover for renewable projects.”
Peter Fitzsimmons (pictured), head of international onshore energy at Axis, said: “This consortium delivers large-scale capacity to meet the current demand and future growth of the UK’s onshore renewable energy industry. Through this collaborative approach, together we are providing elevated service and specialist coverage for new renewables projects across the UK, and supporting the country’s ambitions to build a world-leading clean energy industry.”
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