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underwriting the future

Ascot Renewco: a whole new energy

There is no doubt renewable energies are the way of the future. But to reap the rewards tomorrow we need to lay the groundwork today. Ascot Renewco is a dedicated division of insurer Ascot Underwriting for all types of renewable energy. Understanding the unique challenges faced by the varied technologies across this spectrum, Ascot Renewco's team of experts partner with our clients and their brokers to define and support their insurance needs. Ascot Underwriting is a proven insurance market leader with top-quality capital backing and, as one of the largest syndicates at Lloyd's of London, enviable financial strength. With underwriting talent and a flexibility of approach that are second to none, we have a history of providing cutting edge solutions for our customers. We have created Ascot Renewco to provide the same support for our clients and their brokers in the renewable energy sector.

Ascot Renewco: underwriting the future

It can be a long and difficult process to get a new renewable energy operation from the initial idea to the point where it is productive. There are years of research and testing involved, starting small and, if it's a viable method, growing to have a positive impact on how we utilise resources from our environment. Ascot Renewco can play a vital role by providing the security to facilitate the commercial development of promising new technologies. At Ascot Renewco we offer: 100% capacity unparalleled service standards excellent understanding of client exposures and requirements bespoke policies capabilities across the renewable energy spectrum

"The innovation, dynamism and enthusiasm of renewable energy developers mirrors Ascot Renewco's own business philosophy. We are particularly excited that we are in a position to make a real contribution to support the growth and technological development of the renewable energy industry." Martin Reith

CEO Ascot Underwriting

The alchemy of our company really happens when you add in the spirit that infuses everything we do: a drive, an entrepreneurship, a willingness to create new markets and look at risk from new perspectives. There are always new markets to discover, new products to create, new ways to add value. Ascot Renewco: the new energy in underwriting.

The new energy in underwriting

The renewable energy sector is subject to constant change and development. Technologies are evolving and are often employed in untried and unforgiving environments. Recognising that our clients face some unique challenges, Ascot Underwriting created Ascot Renewco to address those challenges and support the development of the sector. Ascot Renewco isn't just an extension of Ascot's existing energy business. It is a focused team of renewable energy experts, committed to developing insurance solutions across the full spectrum of the global renewable energy industry. Supported by Ascot's extensive expertise across other related energy, property and marine business, we cover all phases of renewable energy development. Our underwriters are able to transfer technology and experience honed in traditional insurances for the benefit of clients in this often more embryonic sector. We offer flexibility in geographic reach and in coverage against risks ranging from the transportation of facility parts to the site and construction through to regular operations. Specific coverages include: shipment and marine cargo project delay in start-up construction installation machinery breakdown operating (all risks of physical loss or damage) business interruption and increased costs of working third party liability terrorism and war political risks

"Leveraging our experience across many related classes of business, we apply our expertise to supporting viable fledgling renewable energy initiatives as well as those already well established and growing in importance. Ascot Renewco addresses the unique challenges facing the renewable energy industry and offers our clients a one-stop shop to satisfy all of their evolving insurance requirements." Martin Reith

CEO Ascot Underwriting

We aim to provide bespoke insurance solutions for clients' individual needs, and flexibility and service are at the heart of our operation.

What powers us

Solar Wave/Tidal

Onshore Wind

Small Hydroelectric

Offshore Wind

Biomass

Geothermal

Bio-Fuels

Our team

Ascot Renewco's team brings together a wide-ranging set of skills and capabilities, and many decades of experience in the insurance industry. With backgrounds in renewable and traditional energies, power and utilities, construction, emerging markets, and across the banking and finance spectrum, the team is perfectly equipped to address the unique issues facing the renewable energy industry, both now and also as they develop in the future. We retain top industry figures as in-house advisors and employ other experts as needed, including risk engineers, surveyors and consultants. This ensures that we stay at the leading edge of developments in this fast-changing sector. Our extended team works together to ensure that our clients and their brokers receive top-quality insurer input with excellent service levels.

The Ascot Renewco team

Alex Lumby, Chief Executive

[email protected] Alex joined Ascot Renewco in 2008. Previously he was Chief Underwriter and Principal Officer of Ascot Asia. Alex came to Ascot from Benfield Corporate Risk where he led their successful launch into Australia and the Asia Pacific region. Prior to Benfield Corporate Risk he was a Senior Vice President and Managing Principal with Marsh, responsible for their Pacific region Energy Practice. Alex is a Chartered Insurer and holds a Young Manager's Diploma from the European Business School INSEAD.

Roger Earnshaw, Senior Underwriter

[email protected] Roger has over 30 years experience in the market, previously with Prudential, Axa Re and Axa Corporate Solutions. He started his career as a Fire & Accident Surveyor, then moved into underwriting in the engineering, construction, and mining classes. In recent years he has specialised in power & utilities where he has gained a thorough understanding of all forms of power generation including renewable energy.

Warren Diogo, Underwriter

[email protected] Warren previously spent seven years with Marsh's Risk Consulting Practice where he led their climate change initiative for Europe, Middle East and Asia Pacific. He worked closely with Marsh's Renewable Energy Team in London, focusing on marine renewables, biomass and geothermal technologies. He was also the project manager for several consultancy assignments with the UNEP, which focused on risk management instruments available to support renewable energy projects. Warren has worked closely with project developers, financiers, traders and other specialist insurers. Warren has a bachelors degree in Environmental Science and a masters degree in Sustainable Development.

Diego Pagadigorria, Underwriter and General Manager of Ascot Insurance Services Spain

[email protected] Diego has 15 years of insurance experience, principally with major broking houses, and focused strongly on energy and construction. He has exclusively concentrated on renewable energy insurances for the last four years, working with brokers, financial institutions and multinational companies throughout Spain, Portugal and South America. He is a member of the Legal Commission of the Spanish Wind Energy Association.

Neil Ambrose, Assistant Underwriter

[email protected] Neil has seven years experience in the insurance industry, covering aggregation and property underwriting. He gained renewable energy experience through his work on the Ascot Property team and has joined Ascot Renewco to focus on the needs of renewable energy operations.

Professor Leon Freris, Consultant

Professor Freris has a BSc, an MSc and a PhD in Electrical Engineering from the University of London and a DIC from Imperial College. Formerly head of the power systems section in the department of Electrical Engineering of Imperial College, in 1995 he joined Loughborough University and was instrumental in setting up CREST (Centre for Renewable Energy Systems Technology), now one of the leading international centres in the field of renewable energy, with an international reputation both in research and education. His research interests have latterly revolved around renewable energy technologies in general and the electrical aspects of wind power systems in particular. With a number of publications to his name, his consultancies have included UNESCO, EU, OECD, the British Council and a number of industrial companies, while for a number of years he was a visiting professor at the University of Lausanne. He is a founding member of the British Wind Energy Association and a Fellow of the Institution of Engineering and Technology.

Captain Peter Hodgetts, Consultant

Captain Hodgetts is a Master Mariner and mechanical engineer with a lifetime of experience in offshore construction and marine projects and more than six years specifically in marine renewable energies. He is the founder and Chief Executive of SeaRoc UK, who are Marine and Engineering specialists engaged exclusively in marine renewables and heavily involved in the whole process from site selections, developing functional specifications, environmental assessment surveys, as well as the actual construction of several of the offshore wind farms. SeaRoc UK have been responsible for the engineering coordination for the 500MW Greater Gabbard Offshore wind farm and will continue with the responsibility for all Marine and Construction operations. Peter's experience also encompasses a number of the Wave & Tidal device developers. Individually the members of the team have frequently spoken and presented at specialist conferences worldwide.

Contact

United Kingdom Ascot Renewco Plantation Place 30 Fenchurch Street London EC3M 3BD t. +44 (0)20 7743 9600 f. +44 (0)20 7743 9601 [email protected] www.ascotrenewco.com Singapore Ascot Underwriting Asia Pte. Ltd. 1 George Street #16-02 Singapore 049145 t. +65 65 116790 [email protected] Spain Ascot Insurance Services Spain Gran Via 40 bis, 2º 48009 Bilbao-Spain t. +34 944 245 600 [email protected] U.S.A. Ascot Underwriting Inc. 5444 Westheimer, Suite 1570 Houston, Texas 77056 t. (00) 1 713 355 4333 [email protected].com

ascot renewco

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the new energy in underwriting

Ascot Renewco A Division of Ascot Underwriting Ltd.

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