QBE has launched a Sustainable Energies unit to support customers as they transition to lower carbon energy.
The unit will align QBE underwriting capabilities across Construction, Operational, Casualty, D&O lines, focussing on underwriting the growing range of companies and energy systems that form part of a rapidly changing energy mix throughout the world. Projects include hydrogen, ammonia, hydro, solar, fixed and floating wind-power and carbon capture and sequestration.
This marks an expanded focus for QBE and the new unit will bring further levels of service and support to both new and existing energy customers who are looking to make meaningful changes to their business through an increased focus on sustainability.
QBE has appointed Sebastian Weaver as Head of Sustainable Energies. Sebastian was previously Portfolio Manager, Offshore Oil and Gas at QBE. In his new role, he will be focusing on building the sustainable energy portfolio. He reports to Duncan Wilson, Director of Natural Resources and is based in London.
Sebastian will be supported by a dedicated Sustainable Energies underwriting team both in the UK and in Europe to drive customer excellence in service and to support broker partners. This includes the recent appointment of Rachel Pereira as Renewable Energy Underwriter, Natural Resources. Prior to joining QBE, Rachel was Upstream Energy Underwriter at Hiscox.
Peter Burton, Executive Director, International Markets, said: “QBE is setting out a clear agenda to support its customers in the transition to a lower carbon global economy. As investment in sustainable energy is on the rise, we see a growing need from our customers for specialised insurance for these types of projects and sizeable opportunity for QBE. Seb and his team will build upon the deep expertise of our natural resources team and create a specialised team to oversee this new opportunity.”
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