Renewables
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The worsening of extreme weather is becoming a global problem, presenting data challenges. -
The product supports investors of early-stage carbon removal projects.
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The broker said the list of perceived obstacles was “fairly damning” for insurers.
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It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
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The report aims to plug the gap in insurance-specific guidance.
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Panellists at Insurance Insider’s LMC also noted a lack of C-suite engagement in renewables.
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The underwriter resigned last year and had been due to launch a renewables book at Globe Underwriting.
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The LMA report focused on first-party property damage from a coverage perspective and on eight key sectors.
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The carrier is looking to grow its specialty offering across Europe and APAC.
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The MGA said insurers competing on price was “not sustainable”.
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