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 from RSA Group, where Allen served as Engineering, Construction and Renewable Energy Director, and Hearn had over twenty years of experience as an underwriter in the power and engineering sectors, specialising in renewable energy.
As part of his role at RSA, Allen oversaw the underwriting team with a particular focus on power generation risks including renewables. At GCube, he will be responsible for expanding the underwriting platform across new classes and defining the global growth strategy for new territories.
Similarly, at RSA Hearn was responsible for underwriting renewable energy assets in emerging markets including South Africa, the Middle East and Australasia.
At GCube, Hearn’s focus will be on solar and wind energy in the emerging markets, as the business continues to expand its London-based team in support of the project developers, asset owners and investors driving the growth of renewable energy in new territories around the world.
“Steve and Adam’s respective track records and the breadth of their experience in the space speaks for itself, and we’re looking forward to welcoming them to what is already a dynamic underwriting team,” said Fraser McLachlan, Chief Executive Officer, GCube.
“Having worked on a significant portfolio of renewable energy assets in markets around the globe, Adam and Steve will be a great fit for us, and their expertise will be an invaluable asset to GCube going forwards.”
Commenting on his appointment, Allen said: “I’m delighted to be joining GCube, who have established themselves as the market leader in underwriting renewable energy projects worldwide.”
“I’m looking forward to working as part of a specialist renewable energy underwriting team, and all the benefits this brings, both in terms of the strength of sector-wide relationships and the great depth of technology and market-specific data available,” added Hearn.
GCube underwrites a growing portfolio that encompasses over 85GW of renewable energy assets worldwide. In addition to the appointment of Allen and Hearn, the firm has recently made further hires at its New York and Newport Beach offices in the United States.