GCube Boosts New York Operation
New York, July 26 2016 – GCube Insurance Services (GCube), the leading underwriter for renewable energy, has appointed Geoff Miller to the post of Senior Vice President. Based out of the New York office, Geoff brings extensive inland marine and energy underwriting expertise to the East Coast team.
Geoff joins GCube with over 20 years of experience underwriting energy and inland marine business in the United States and Canada. Prior to joining GCube, he held senior positions at AIG in the Global Marine and Global Energy Property divisions.
At GCube, Geoff will head up the New York based team, working predominantly with brokers and insureds in respect of wind and solar power risks and coordinating East Coast underwriting efforts to support brokers in the United States and Canada.
“Market-specific expertise and relationships are crucial advantages when it comes to insuring a sector as diverse – and complicated – as renewable energy,” said Fraser McLachlan, Chief Executive Officer, GCube.
“The United States remains our largest single market for underwriting renewable energy. Its installed base of projects continues to break new ground, particularly with utility scale solar PV projects and a number of pioneering offshore wind sites in the pipeline. Geoff’s leadership track record supporting marine and energy projects will be a great asset for our US team.”
With recent tax credit renewals and falling installation costs for solar and wind alike, renewable energy development opportunities, notably on the East Coast of the United States are plentiful. Growth in utility-scale wind and solar has been driven in states such as New Jersey, New York and North Carolina by aggressive renewable energy portfolio standards and net metering standards – leading to multi-gigawatt construction pipelines.
GCube anticipates a substantial increase in the number of opportunities to support brokers and insureds in the coming months and grow the company’s already substantial market share.
Underwriting over 85GW of renewable energy assets globally, GCube’s team in the United States is split between offices in New York, St. Paul, Minnesota and Newport Beach, California, allowing the firm to provide regional support for project developers, owners and operators throughout the country.