Press

GCube makes senior London appointments

Specialist renewable energy insurer recruits two new senior team members to drive its future expansion plans. London, July, 17th  2017 – GCube Underwriting Ltd. (GCube), the leading renewable energy underwriter, has appointed Steve Allen and Adam Hearn to the posts of Director and Senior Underwriter, respectively, at its London office. Allen and Hearn join GCube…

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GCube Ranks Threats to Global Onshore Wind

Resource risk surpasses mechanical breakdown as the major threat to future financial performance Political and regulatory concerns, challenges of remote development and NAT CAT risk remain prominent as the industry expands Anaheim, May 23 2017 – Resource risk is now the most pressing threat faced by onshore wind farm developers, owners and operators globally, surpassing…

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Weather Risk Accounts for $56 Billion in Untapped Wind Asset Values Worldwide

New York, 31st January 2017 – Failure to efficiently transfer weather risk has left wind energy stakeholders across the globe with untapped asset values totalling an estimated USD 56 billion¹. This estimate, produced by leading renewable energy underwriter, GCube Underwriting Ltd. (GCube), emphasises the long-term financial impact of wind speed volatility on portfolio and project…

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GCube underwrites 33% of all Canadian wind energy

Calgary, 12 October 2016 – Specialist renewable energy underwriter, GCube Insurance Services (GCube), has announced today that it now provides coverage for over 4GW of Canadian wind assets. This figure is expected to increase in the coming months with the strong construction pipeline for new wind infrastructure in the country. As of last year, and…

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Extreme Weather Losses Increase Global Solar Claims Severity

London, 13 September 2016 – The solar PV industry will need to invest time and resources in order to increase its tolerance to risk, particularly for losses resulting from extreme weather conditions. This is according to research undertaken by GCube Underwriting Ltd. (GCube), the leading underwriter for renewable energy, in a new report entitled Cell,…

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Offshore Cable Claims Severity Increases by 25% in 2015

London, June 15th 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 Underwriting Ltd. (GCube), the…

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GCube Targets US Weather Risk Market

New York, May 18 2016 – GCube, the leading underwriter for renewable energy initiatives, has responded to increasing demand from US wind project-financed wind operators, notably those refinancing or going through acquisitions, by strengthening its underwriting team and rolling out its unique Weather Risk Transfer mechanism across the North American market. Demand for tailored risk…

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GCube Bolsters West Coast Operation

Newport Beach, April 5 2016 – GCube Insurance Services (GCube), the leading underwriter for renewable energy, has enhanced its presence on the West Coast of the US, with a number of significant additions to the underwriting, claims and business development teams based out of Newport Beach, California. California has taken a leading role in the…

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GCube Exceeds 1GW of Insured Irish Wind

Dublin, 22nd March 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…

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GCube Covers Xcel Energy for North Dakota Wind

Courtenay, North Dakota, December 8th 2015 – GCube, the leading underwriter for renewable energy initiatives, has signed a contract with US electric and natural gas business, Xcel Energy, for a 200MW wind energy project in North Dakota. As US energy continues to move away from its traditional sources, and despite the strong market competition from…

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