Aviva has doubled its offshore renewable energy underwriting capacity to £150 million, as the insurer seeks to bolster its position in the expanding global renewables market.
The new capacity limit, which is equivalent to approximately €175 million or $200 million, will be made available to brokers and clients worldwide. It is part of a broader strategy by Aviva’s Global, Corporate & Specialty division to grow its presence in complex risk sectors and become a lead-market insurer in renewable energy.
The expansion comes amid rising demand for offshore wind and clean energy infrastructure, with governments and developers accelerating renewable energy deployment to meet climate targets. Larger and more complex offshore projects, which often involve floating wind, deeper waters and international partnerships, are increasing the need for tailored insurance products and specialist technical support.
To strengthen its proposition, Aviva has appointed Roberts Proskovics (pictured top right) to lead its renewable energy team within Aviva Risk Management Solutions. Proskovics, who brings expertise in both fixed and floating offshore wind, is expected to enhance the insurer’s risk management offering across the project lifecycle. The business has also made investments in its underwriting and claims teams to provide support for developers and operators involved in next-generation offshore wind projects.
Matt Gordon, underwriting director for specialty & real estate at Aviva, said the decision to increase capacity reflects a long-term commitment to the energy transition. “This move not only supports our brokers’ and clients’ net-zero ambitions but also helps power the future of offshore renewables,” he said.
The move also supports Aviva’s goal of building a dual-platform specialty insurance offering. The insurer is targeting growth in renewable energy, construction, marine, and other sectors requiring specialist underwriting and risk advisory expertise.
Aviva said the expanded offshore renewables capacity is now available across global markets, with brokers encouraged to engage through their usual channels or via Aviva’s LinkedIn platform.
