Press
GCube Enters Partnership Deal With Munich RE
February 8, 2012, New York & London – GCube, the leading provider of insurance services for renewable energy initiatives, has entered into a partnership agreement with Munich Re. The deal links two of the leading players currently operating in the renewable energy space; introducing new capacity into the market and fostering greater potential for future sector innovation and growth. Under the terms of the agreement, the new capacity from Munich Re will diversify and enhance the existing GCube underwriting offering. The introduction of...
Read MoreGCube Increases Capacity By An Additional $100 Million For Offshore Renewable Energy
January 25, 2012, New York & London – GCube, the leading provider of insurance services for the renewable energy industry, has added an additional USD$100 Million to its existing offshore renewable energy project capacity. With significant growth in the offshore renewable energy sector, particularly in Europe and potentially the US and South East Asia in the near future, there is a market need for insurance capacity that supports the increasing size and global proliferation of offshore wind developments. Having a long and highly regarded...
Read MoreGCube Underwrites Australia’s First 10MW Solar Farm
January 23, 2012, New York & London – GCube, the leading provider of insurance services for renewable energy projects has announced that it has underwritten Australia’s first utility-scale solar power project. The 10MW Greenough River Solar Farm, near Geraldton, Western Australia, broke ground in November 2011 and is currently undergoing construction – due to be operational in mid 2012. Approximately ten times larger than any operating solar project in the country, the deal marks the start of what could be a period of significant...
Read MoreGCube Continues to Expand US Underwriting Capabilities
November 10, 2011, New York & London – GCube is pleased to announce that John Larisey and Yulia Michael have joined the company, the leading provider of insurance services for the renewable energy sector around the globe. John Larisey joins the firm as Vice President of Underwriting and Yulia Michael as Assistant Vice President respectively. Both will cover all renewable energy risks. “We are extremely happy that John and Yulia were able to join the underwriting team at GCube.” says John McLane, GCube Insurance Services...
Read MoreGCube Underwrites Italy’s Largest Windfarm
October 25, 2011, New York & London – GCube, the leading underwriter for renewable energy initiatives has announced that it has been selected by Nsure Ltd, to underwrite the Falck Renewables Buddus – Al dei Sardi wind farm, Italy’s largest wind power project to date. The deal comes at a critical time for the European wind energy market, as Sardinia looks set to become one of the first regions in the continent to meet the Kyoto Protocol renewable energy targets. To date, Falck, the fourth largest renewable energy provider in...
Read MoreGCube Backs WWF Low Carbon Energy Report
October 24, 2011, New York & London – GCube the leading underwriter of renewable energy initiatives, backs and endorses the findings from the latest WWF report that assess the future of sustainable energy supplies. The report comes at a time when the energy industry faces a number of challenges. Consumers are striving to keep their energy bills low, Government is cutting financial incentives for small-scale renewables, and deadlines for de-carbonising the power sector are looming closer. The report, however, provides a coherent set...
Read MoreGCube Increases Capacity to $680 Million for Wind and Solar Projects
August 22, 2010, New York & London – GCube, the leading provider of insurance services for renewable energy initiatives, has increased its underwriting capacity to $680 million for wind energy and solar projects worldwide. Despite a contracting insurance market, the additional capacity was raised separately from existing Lloyd’s underwriting capital providers. With the size, scale and ambition of wind and solar farms on the increase, associated costs have matched this pace and have continued to rise. As such, there has been a...
Read MoreGCube Launches Wind and Solar Worker’s Compensation Program
July 19, 2011, New York & London – GCube, the leading provider of insurance services for renewable energy projects, working in partnership with International Facilities Insurance Services, Inc (IFIS) today launches a specialized workers compensation insurance offering for the wind and solar industry. Designed to address the increasingly complex challenge of providing employees with effective yet practical operational protection, the coverage meets the needs of project owners, developers, engineers and manufacturers working onsite. As...
Read MoreGCube Launches Enhanced Defects Coverage for Established Wind Farms
May 23 2011, Newport Beach, CA – GCube, the leading provider of insurance services for renewable energy projects, today launches its Enhanced Defects Coverage program. This unique program provides a realistic and dependable response to equipment upkeep and maintenance when no longer covered by a traditional manufacturer’s warranty. The enhanced coverage comes at a critical time for the international wind energy industry as machinery warranties expire and wind farm owners and operators face increased maintenance and repair bills...
Read MoreGCube Insurance Services, Inc. Expands BioFuels Team
May 23, 2011, Newport Beach, CA – GCube is pleased to announce that Nick Coenen has joined the company, the leading provider of insurance services for the renewable energy sector around the globe. Nick Coenen joins as Vice President of Loss Control Engineering with an emphasis on biofuel and biomass sectors. “Nick brings a great deal of experience to our biofuels team and he will help us expand our product line in the biomass industry. His engineering expertise will provide our customers with loss control insight to help minimize...
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