Articles

Opportunities to Meet The GCube Team

Posted on June 13, 2016

On a number of occasions throughout the year, we take the opportunity to tear ourselves away from our desks and meet with our industry colleagues and peers at some of the major global insurance and renewable energy conferences and events. Please find below some upcoming opportunities to meet with us in the next few months.…

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New Additions to the Team

Posted on June 13, 2016

As GCube continues to expand and enhance its service offering to the global renewable energy sector, we’re pleased to announce four new appointments to our teams based out of London and Newport Beach – each taking responsibility for growing international markets. Let us introduce you!…

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Offshore Cable Claims Severity Increases by 25% In 2015

Posted on June 13, 2016

Incidents relating to the installation and operation of high voltage subsea cables are the most costly cause of financial losses in the global offshore wind industry and led to insurance claims totalling more than €60 million in 2015. That is according to data assembled by GCube’s claims and underwriting teams in our latest claims report,…

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Interview with a Claims Executive: Kristina Williams on El Niño

Posted on June 13, 2016

The impact of this year’s El Niño conditions on the United States has been discussed at length across the renewable energy sector on account of their apparent impact on wind speeds and the performance of wind farm portfolios across North America. However the effects of the cyclical phenomenon on the sector extend beyond below-par production…

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Message from Fraser McLachlan, Chief Executive

Posted on June 13, 2016

In just under 10 days, we’ll know the future of the United Kingdom’s relationship with the European Union. Like the majority of firms working in the renewable energy sector, we’ve adopted a stance that is supportive of the UK’s continued membership of the European block. It was, after all, pan-European clean energy targets that…

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Now Hiring: Senior Underwriter based in New York

Posted on May 20, 2016

GCube is now recruiting for a Senior Underwriter for our New York office, with line management responsibility for a team of 3 staff and underwriting accountability for marine, property and casualty risks located in the US and Canada.   Key tasks include: Large account retention and new business development. Interaction with GCube senior underwriters and……

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Technical Topic: Faulty Inverters

Posted on March 21, 2016

As solar PV projects begin to proliferate across Europe, the US, and regions in Africa and the Middle East, developers and manufacturers alike must think carefully about the technology they use to maximise the efficiency of projects and mitigate any risks of technical failure. Similarly, regulators must find the best ways to manage grid connections,…

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Event Review: GCube Advisory Council March Meeting

Posted on March 21, 2016

On March 9-10, GCube held its bi-annual Advisory Council event in Newport Beach. Providing a platform for leading renewable energy insurance and risk management leaders from the US and further afield to exchange ideas and experience in a confidential environment, the event witnessed lively discussion and productive debate.…

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Interview with an Insurance Manager: Dan Gumsley, Vattenfall

Posted on March 21, 2016

In June, GCube will be releasing the latest in its series of renewable energy claims reports. “Down to the Wire” will analyse the financial impact, causation and mitigation of subsea cabling claims, based on GCube’s proprietary data and a number of interviews with experienced industry spokespeople. Here, we provide an advance preview of one such…

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GCube Exceeds 1GW of Insured Irish Wind

Posted on March 21, 2016

Specialist renewable energy insurer, GCube Underwriting Ltd. (GCube), has significantly expanded its portfolio of underwritten Irish wind energy assets, now surpassing 1GW of operational wind farms and construction sites throughout the Republic of Ireland and Northern Ireland. Furthermore, the insurer now underwrites 300MW of wind capacity developed and operated by Irish firms in emerging markets…

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