Daily Digest: Beazley on renewable energy, The perils of energy transition, Buyer-friendly conditions accelerate mid-year

Catch up on the essential news and analysis from the Insurance Day experts

Renewables upend traditional models: Beazley’s Sheppard Grapefruit-sized hailstones falling on billion-dollar solar installations in rural Texas are just one example of the stark reality facing renewable energy insurers today. According to Ben Sheppard, renewable energy underwriter at Beazley, these instances of large hailstones present exposure levels no engineering solution can reasonably be expected to mitigate. As the renewable energy sector scales rapidly across increasingly diverse geographies – from the North Sea to the deserts of Saudi Arabia – insurers are confronting risk exposures such as this, which challenge conventional underwriting wisdom.