Liberty Specialty Markets (LSM) has announced that it is expanding its onshore energy offering with the launch of a new specialist renewable energy team.
The new team will by headed by senior underwriter for power and renewables Tom Clifton from LSM’s London office. He will be supported by Madrid-based energy manager Jose Luis Ruiz-Poveda.
LSM said that its decision builds upon significant experience in the renewables sector, including being a lead market in Spain for solar power markets, adding that business will be underwritten from London and regional hubs in Paris, Madrid, and Dubai.
Commenting on the announcement, the company’s CUO for specialty Mike Gosselin said: “The renewable energy sector is increasingly a mainstream source of energy, and is growing rapidly. As the energy landscape changes, so too have the demands of our clients. By leveraging our existing industry knowledge and technical expertise in onshore renewable energy, we can offer an integrated service that includes risk engineering capabilities.
“This service will allow us to work closely with our clients and provide them with a holistic and unique perspective on their exposures, offering guidance and advice on loss prevention and control issues.”