Aviva and Axis launch Lloyd’s consortium focused on UK onshore renewable energy

Aviva and Axis have launched a new Lloyd’s consortium to support new renewable energy projects.

The move will combine underwriting expertise and capacity across onshore wind, solar and battery energy storage systems into a single, coordinated proposition.

The two firms say it is the first Lloyd’s consortium specifically focused on UK onshore renewable energy, making it a “distinctive offering” in the market.

The goal is to help enable progress towards the UK’s 2030 net zero ambitions.

Vicky Kent, head of renewable energy and engineering at Aviva, said: “The UK’s renewable energy ambitions require pace, scale and certainty to meet 2030 targets.

”This new consortium brings together the strength of Aviva and Axis to offer brokers and clients a simpler, more coordinated way to secure cover for renewable projects.”

Cover details

The consortium will offer up to 100% line size for qualifying risks – or take significant lead positions – streamline quoting and placement through a coordinated approach and deliver shared risk engineering insights.

Cover includes property damage, business interruption and third party liability, with flexibility to support more complex requirements through referral.

Peter Fitzsimmons, head of international onshore energy at Axis, said: “This consortium delivers large-scale capacity to meet the current demand and future growth of the UK’s onshore renewable energy industry.

”Through this collaborative approach, together we are providing elevated service and specialist coverage for new renewables projects across the UK and supporting the country’s ambitions to build a world-leading clean energy industry.”