Renew Risk Africa (formally C&G Renew-Risk) and GCube have established an exclusive underwriting partnership for Renewable Energy insurance solutions that is tailored for the Southern African market.
We are Africa’s first and only niche Underwriting Manager, solely insuring Renewable Energy projects.
Renew Risk Africa’s unique exclusive underwriting partnership with GCube Underwriting Ltd in London has a combined capacity in excess of ZAR 8 Billion per project.
For over 20 years, GCube have been the leading provider of Renewable Energy insurance services, offering comprehensive property and liability coverage for utility scale projects around the globe.
The growth of Renewable Energy continues to gather pace globally, specially in South Africa, through the Government’s and Department of Energy’s (DoE), Renewable Energy Independent Power Producers Procurement Programme (REIPPPP).
Renew Risk Africa/GCube’s dedicated Renewables teams, comprises of a group of dedicated specialist consultants who provide insurance to major projects in South Africa and around the World.
Renew Risk Africa/GCube have extensive experience and understanding on utility scale Renewable Energy projects.
By drawing together specialists with multi-disciplined professional backgrounds and a wealth of relevant experience from South Africa and the United Kingdom, Renew Risk Africa can provide the required insurance services to assist in making large capital projects a success.
‘Powerful Partnership To Fuel Southern African Renewable Energy Development’
Our teams are committed to innovative solutions to help our clients successfully manage the risks that such renewable projects entail.
We understand the unique exposures for Renewable Energy projects and partner with our clients to identify, quantify and mitigate risk efficiently and as cost effectively as possible.
We do all claims in-house. As one of the longest standing insurance providers in the Renewable Energy sector, we have a wealth of claims payment experience and are able to respond quickly to our clients claims.
Renew Risk Africa has underwritten various Renewable Energy risks, namely Solar CSP, Solar PV, Solar Rooftop, On-Shore Wind, Hydro and Biomass projects throughout South Africa and Africa, which gives us the range and depth of experience to meet the new challenges that large infrastructure projects invariably produce.
Renew Risk Africa was established in South Africa in 2011, has been involved with many of the DoE’s REIPPPP projects over the last 4 bidding rounds.
RENEW RISK AFRICA
Renew Risk Africa underwrites on behalf of Guardrisk Insurance Company Limited, who have National Insurer Financial Strength (IFS) ratings of AA+(zaf).