Tailored Insurance Solutions for Renewable Energy

In 2023, PERse International was launched as a pivotal addition to the Ryan Specialty Underwriting Managers family. Dedicated to the global renewable energy market, PERse International’s underwriting expertise, bolstered by Ryan Specialty Underwriting Managers' support, provides policyholders with tailored insurance solutions.

About Us

With a focus on sustainable risk management solutions, PERse International is well-positioned to capitalize on the growing demand for ESG (Environmental, Social, and Governance) compliant insurance products. Backed by the expertise and resources of Ryan Specialty Underwriting Managers, PERse International is committed to providing tailored insurance solutions to companies worldwide.

"After more than 20 years providing insurance solutions to the renewable energy industry, the approach and philosophy of the team at PERse International has remained rooted in collaboration, information sharing and support.

As key finance providers into the renewable energy sector, the insurance industry provides vital support to developers and owners of renewable energy assets, so a collaborative, partnership approach which is not solely focused on a 12 month policy period, is key to predictable, dependable insurance costs and coverage as well as the ongoing bankability of assets.

In practical terms, the team at PERSe International understands that our role is to help provide the financial safety net when things go wrong and to be a key part of the solution to problems, ensuring our clients’ businesses can continue to be successful."

- Stuart Burchell, Head of PERse International

Meet Our Team

Our Renewable Energy Insurance Offerings

Underwriting

Engineering

RENEWABLE ENERGY LINES OF BUSINESS

Offshore Wind

Offshore wind energy has developed significantly since the first commercial-scale projects were introduced in the early 1990s. As we strive towards a greener economy, this sector is poised for substantial growth in the future. Recent advancements in offshore technology have introduced unprecedented scale and complexity to the latest projects. Consequently, a knowledgeable and adaptive insurance marketplace is crucial for providing sustainable risk transfer solutions in the long run.

At PERse International, our underwriters have a longstanding commitment to supporting the offshore wind industry, spanning from its early projects to the present day. We have accumulated valuable insights over this period, enabling us to stay abreast of the latest technologies and best practices. This extensive experience and continuous pursuit of knowledge make us the ideal partner for companies seeking insurance coverage for their offshore projects today.

Please contact Josh Cantwell - Head of Offshore with any enquiries at Josh.Cantwell@PERse-Intl.com.

We have an Offshore Wind Offering that includes coverage for:

  • Operational All Risk (OAR)

  • Construction All Risk (CAR)

  • Physical Damage

  • Business Interruption

  • DSU / Marine DSU

  • Marine Cargo / Transit

  • Third Party Liability

  • OFTO’s (Offshore Transmission Owners)

  • Interconnectors

  • Ancillary exposures including BESS and onshore transmission/distribution.

Onshore Wind / Solar

At PERse International, we have some of the most knowledgeable and experienced onshore wind energy and solar underwriters in the sector and are committed to supporting the continuous growth of the onshore wind and solar industries across the globe. Our specific and unique global market knowledge, experience and relationships outside of the traditional London wholesale market are invaluable for our brokers and their clients. In addition, we have accumulated valuable insights over 20 years of underwriting onshore wind and solar risks, providing us with the ability to consistently surpass the general market performance. Our extensive experience and direct personal approach make us the ideal partner for those seeking insurance coverage for their onshore projects today and into the future.

Please contact Adam Hearn – Head of Onshore International with any enquiries at Adam.Hearn@PERse-Intl.com.

We have an Onshore Wind / Solar Offering that includes coverage for:

  • Operational All Risk (OAR)

  • Construction All Risk (CAR)

  • Physical Damage

  • Business Interruption

  • DSU / Marine DSU

  • Marine Cargo / Transit

  • Third Party Liability

  • Ancillary exposures including BESS

PERse International's carrier trading partners represent the very best of London Market insurance capacity, seamlessly aligning with our commitment to the green energy transition, they provide clients with unwavering assurance in the strength of our products.

Contact Us

Offshore Wind: Josh.Cantwell@PERse-Intl.com

Onshore Wind / Solar: Adam.Hearn@PERse-Intl.com

30 St. Mary Axe | 13th floor | London | EC3V 3NH

Power Energy Risk International’s (PERse International) operations are conducted through several legal entities, the choice of which depends on where the entities are authorized to operate. In the UK, PERse International is a tradename of Ryan Specialty International Limited (Ryan Specialty International), authorized and regulated by the Financial Conduct Authority (FRN 733324). Registered office: 30 St. Mary Axe, 13th Floor, London, EC3A 8BF, United Kingdom. Company number 07164987. In the EEA, PERse International is a tradename of Ryan Specialty Nordics AB (Ryan Specialty Nordics), authorized by the Swedish Financial Services Authority. Org nr 556741-6572. Registered office: Brahegatan 2, 114 37 Stockholm, Sweden. Ryan Specialty International and Ryan Specialty Nordics are subsidiaries of Ryan Specialty, LLC. PERse International works directly with brokers, agents and insurance carriers, and as such does not solicit personal lines insurance products from the public. Some products may only be available in certain jurisdictions, and some products may only be available in the US from surplus lines insurers. In California: RSG Insurance Services, LLC (License #0E50879). ©2024 Ryan Specialty, LLC

Engineering

Experienced in-house expertise
Our in-house expertise allows us to accurately assess risks, provide technical guidance, and offer tailored insurance solutions.

Extensive network of trusted third-parties
We have cultivated an extensive network of trusted third-party engineering professionals and consultants. This network enables us to tap into specialized knowledge, access additional resources, and collaborate with experts in specific fields, ensuring a fully rounded consideration of any risk presented to us.

Claims

Fully delegated claims authority
The PERse claims team has the expertise and autonomy to efficiently assess, process, and settle claims, ensuring prompt and fair resolutions.

Experienced claims adjusters
Our dedicated resource within our London office has an excellent track record of quickly processing claims accurately and fairly.

Network of trusted experts
Our claims staff's strong relationships with trusted and highly experienced third-party experts enable us to consistently deliver the best service possible.

Underwriting

$100m of delegated underwriting authority
With our delegated underwriting authority of up to $100 million, we have the flexibility to provide comprehensive and tailored insurance coverage that meets the unique needs of each project.

Embedded actuarial support
As part of the Ryan Specialty Underwriting Managers family, we benefit from embedded actuarial support, ensuring our insurance products are backed by comprehensive actuarial analysis, enhancing pricing accuracy and overall sustainability.

Data-driven approach
With our proprietary rating model, developed through industry experience and data analysis, we assess risk profiles and determine competitive premium rates, ensuring fair pricing and financial sustainability. Additionally, our access to advanced Nat Cat modelling and aggregation support enables us to evaluate and manage the impact of natural catastrophes on insured assets. This empowers us to implement effective risk mitigation strategies for comprehensive coverage.

Megan Harvey

Underwriting Assistant

Prior to joining the insurance industry, Megan studied as a doctoral candidate at Royal Holloway, University of London, and holds two first class degrees in the field of Geography. During this period, she specialized in innovative data analytics and ethical practice in Social Political research. Benefitting from experience in client services, Megan has joined PERse International from Ryan Speciality’s inhouse Service Centre. Here she delivered proficient financial and technical services for multiple accounts across both the Lloyds of London and Company Markets. The unique combination of skills acquired through Megan’s scholarly and professional background means that she plays a vital role in supporting the team in the launch and growth of our renewable energy facility.

 Aside from Renewables Insurance, Megan’s interests include mid-distance running, adventures with her Irish-Doodle and hot sauce.

Josh Cantwell

Head of Offshore Renewables

Josh Cantwell, as the head of offshore business at PERse International, brings a unique skill set to the team. With a Master's degree in Civil Engineering from Durham University, Josh began his career at Talbot Syndicate 1183 in Lloyds and underwrote upstream energy business over a period of 10 years, ultimately concluding his time there leading the wider international team. Josh then joined GCube, where he headed the offshore wind team, spread across three offices. His expertise and knowledge extend to underwriting offshore wind projects across three continents. Josh's active participation in the Offshore Wind Sub-Committee to the Joint Natural Resources Committee has contributed to driving improvements in market standards. Leveraging his industry relationships and expertise, Josh is dedicated to growing a profitable book of business in the rapidly expanding offshore wind sector for PERse International.

Aside from Renewables Insurance, Josh’s interests include road-tripping in his old Defender, music festivals and Irish Rugby.

Adam Hearn

Head of Onshore Renewables

Adam Hearn, as the head of onshore business at PERse International, brings a wealth of expertise to the team. With a renewable energy insurance career spanning 15 years at both RSA and GGube in London, working for an Insurance Company(s) and MGU. Adam has sector expertise with setting underwriting strategies, establishing process guidelines, and implementing technical pricing. Leveraging his comprehensive knowledge, strong industry relationships, and extensive network, Adam plays a fundamental role in identifying and selecting risks, driving sustainable growth, and building a profitable book of global renewable energy business for PERse International.

Aside from Renewables Insurance, Adam’s interests include GIF’s, anything monogrammed and airport lounges.

STUART BURCHELL

Head of PERse International

Stuart Burchell leads the team at PERse International and has been involved in renewable energy insurance since 2002, spending the last 10 years leading the underwriting team at GCube Underwriting as both an MGA business and an insurance company underwriting division at Tokio Marine HCC. This role at Tokio Marine entailed developing, managing and motivating an underwriting team of 20+ people, based in 5 different offices around the world whilst delivering underwriting profits in an increasingly challenging and competitive sector for insurers. Stuart’s experience, relationships and contacts throughout the renewables sector will enable the PERse International team to penetrate the international market with a depth of understanding and exposure management which is vital in such a rapidly evolving space.

Aside from Renewables Insurance, Stuart’s interests include surfing, Brighton and Hove Albion and pork scratchings.