AN EXCLUSIVE FOCUS ON RENEWABLES, SINCE 1987
At GCube, renewable energy insurance is all we do.
Having underwritten the very first utility-scale wind farms, we have been a specialist in renewable energy risks for over 25 years. We now insure over 100GW of projects under construction or in operation in 40 countries around the world, spanning both established and emerging renewable energy technologies.
This means that we have a unique long-term analytical perspective for risk mitigation and loss control. With the most extensive claims database in the sector, we know what goes wrong, when and where, and share this insight to the benefit of our clients and brokers.
In turn, we are able to offer the most comprehensive suite of renewable energy insurance products available in the market. This offering continues to evolve in line with the priorities of asset owners, operators and investors.
As a Managing General Agency (MGA), GCube represents Lloyd’s of London syndicates and other leading insurance markets, with A.M. Best and S&P ‘A’ Rated capacity of up to $700 Million in property for Wind, Solar and Hydro schemes – more than sufficient to cover the largest renewable energy projects. This is backed up by up to $30 million in US Liability capacity, and £35 million in International Liability.
Unlike other providers, we have full decision-making authority for informed underwriting and swift claims payment. We have paid over $500 Million in claims, 95% of which within 30 days of Proof of Loss being signed.
The GCube Difference
Knowledge, Experience, Integrity
We pride ourselves on the wealth of expertise we have gained over 25 years supporting the renewable energy sector. Not only does this inform a robust approach to underwriting and claims payment, it also enables us to share information to the benefit of our clients and the wider industry.
OUR KNOWLEDGE. YOUR POWER.We pride ourselves on the wealth of expertise we have gained over 25 years supporting the renewable energy sector. Not only does this inform a robust approach to underwriting and claims payment, it also enables us to share information to the benefit of our clients and the wider industry.
We have extensive data on renewable energy risks, which enables us to make better-informed decisions to the benefit of our clients.
We have underwritten utility-scale projects in all renewable technologies since the early inception of the industry.
We are a reliable partner with an exemplary track record of paying claims in an expedient manner.
GCube reaches the milestone of $500 Million claims paid in the renewable energy sector
GCube unveils its Weather Risk Transfer (WRT) mechanism, providing wind, hydro and solar project owners with a means to mitigate the financial impact of resource volatility
GCube becomes the first specialist underwriter to offer Political Risk Insurance (PRI) to renewable energy project developers and operators in high-risk emerging markets
GCube publishes Breaking Blades, the first in an ongoing series of unique loss trend reports making use of its extensive claims database
GCube announces an innovative policy to cover US developers and contractors in the event of the cancellation of the Production Tax Credit (PTC)
GCube is launched to support the wind, solar, biofuels, hydro and wave & tidal sectors, becoming the world’s largest insurer of renewables
WindPro is launched to provide insurance coverage for the first utility-scale wind farms in the United States