Renewables conditions diverge between onshore and offshore through 2023
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Renewables conditions diverge between onshore and offshore through 2023

Samuel Casey
02 March 2023
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The renewable energy market is expecting increasingly divergent underwriting conditions between offshore and onshore business in 2023, as offshore wind business continues to attract a disproportionate amount of capacity from traditional energy underwriters.

Sources told Insurance Insider that capacity was flooding into the offshore wind market as underwriters redeploy capital from traditional upstream energy underwriting, leading to falling pricing and a broadening of terms.

Meanwhile

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Samuel Casey
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