Business Details
Leading Green Energy Insurance Solutions
Gcube Insurance stands as a premier underwriter and risk solutions provider dedicated to advancing the global transition to a sustainable, low-carbon economy. With a foundation built on GCube's decades of expertise in renewable energy underwriting and enhanced by the global resources of the Tokio Marine Group, we offer comprehensive insurance products and advisory services tailored to businesses across multiple sectors. Our team of industry-leading experts provides holistic support, from concept to completion, for green initiatives including wind, solar, hydrogen, and carbon capture projects. Backed by robust financial strength reflected in A++ (A.M.Best) and A+ (S&P Global) ratings, we deliver capacity up to US$500 million in property coverage and US$35 million in liability protection. We combine specialized knowledge, a dedicated renewable energy claims team, and an institutional commitment to removing barriers to innovation, enabling clients to secure funding, mitigate risks, and achieve successful outcomes in the energy transition. Our global reach and localized expertise position us to support partners at every stage of their decarbonization journey.
Services
Renewable Energy Insurance
Carbon Capture Coverage
Battery Storage Protection
Offshore Wind Insurance
Hydrogen Project Risk
Solar Power Coverage
Hydropower Protection
Green Transition Advisory
Decommissioning Insurance
Carbon Credit Coverage
Highlights and features
- We hold A++ (A.M. Best) and A+ (S&P Global) financial ratings
- We specialize in renewable energy insurance with 25+ years experience
- We offer US$500M property and US$35M liability coverage capacity
- We maintain a dedicated renewable energy claims team
- We combine GCube's expertise with global Tokio Marine resources
Associations and certifications
- A. M. Best
- S&P Global
Services
Renewable Energy Insurance
We provide comprehensive insurance solutions for wind, solar, and hydropower projects. Our coverage protects against physical damage, construction risks, and operational liabilities. With US$500 million property capacity and specialized claims expertise, we help renewable energy developers secure financing and manage project risks through all development stages.
Carbon Capture Insurance
Our tailored insurance programs address carbon capture, utilization, and storage (CCUS) projects. Coverage includes facility damage, liability risks, and specialized carbon management exposures. We combine technical understanding with risk transfer solutions to support commercialization of carbon reduction technologies through customized policy structures and capacity arrangements.
Battery Storage Protection
We offer dedicated insurance for battery energy storage systems (BESS) covering construction and operational risks. Our policies address fire damage, component failure, and liability exposures specific to storage facilities. With technical expertise in energy storage technologies, we provide capacity up to US$500 million while supporting safe deployment of grid-scale storage solutions.
Hydrogen Project Risk
Our hydrogen-specific insurance programs cover production, storage, and distribution facilities. We address unique risks including pressure vessel integrity, flammability hazards, and emerging technology exposures. By combining industry expertise with flexible underwriting capacity, we enable development of green hydrogen infrastructure through customized coverage solutions tailored to this evolving sector.
Offshore Wind Insurance
We provide comprehensive coverage for offshore wind farms including turbine damage, foundation protection, and liability coverage. Our marine expertise extends to specialized risks like installation, commissioning, and operations in challenging environments. With decades of experience, we offer tailored solutions and claims support for floating and fixed-bottom offshore wind projects globally.
People
Benjamin Kinder
Chief Underwriting Officer
Benjamin Kinder leads underwriting strategy with extensive renewable energy insurance experience. He directs risk assessment and policy development for complex green projects, leveraging technical expertise to create innovative coverage solutions for clients transitioning to sustainable energy systems.
Fraser Mclachlan
Chairman of TMGX
Fraser Mclachlan chairs TMGX with deep industry knowledge and strategic vision. He oversees organizational direction while ensuring alignment with global decarbonization goals, combining leadership experience with commitment to advancing sustainable insurance practices across the renewable energy sector.
Olly Litterick
Head of Renewables
Olly Litterick manages renewable energy initiatives with specialized expertise in project finance and risk management. He leads client engagement for solar, wind, and emerging green technologies, applying technical underwriting knowledge to develop comprehensive insurance programs supporting global energy transition efforts.
Roy Munoz
Global Head of Claims
Roy Munoz directs claims operations with a focus on renewable energy expertise. He leads the dedicated green claims team to ensure efficient resolution of energy transition-related losses, applying technical knowledge to complex renewable project claims while maintaining client service excellence.
Phil Pavey
Senior Underwriter
Phil Pavey provides underwriting expertise for renewable energy projects, assessing technical risks and developing tailored insurance solutions. He works closely with clients to understand specific project requirements while maintaining commercial viability within Gcube Insurance's risk appetite framework.
Questions
What specific green energy sectors does Tokio Marine GX insure?
We specialize in offshore wind, solar power, hydrogen, carbon capture, battery storage, and other renewable energy sectors.
What financial strength ratings does Tokio Marine GX hold?
Our policies carry A++ (Superior) from A.M. Best and A+ (Strong) from S&P Global ratings.
How much coverage capacity do you provide for renewable projects?
We offer up to US$500 million in property coverage and US$35 million in liability protection for green projects.
Do you provide risk advisory services in addition to insurance?
Yes, we offer comprehensive advisory services supporting businesses throughout their decarbonization journey.
What makes your claims handling unique in the renewable energy sector?
We maintain the market's only dedicated renewable energy claims team with specialized expertise and experience.
How does Tokio Marine GX support global energy transition efforts?
We remove barriers to innovation, reduce market volatility, and provide tailored risk solutions for sustainable projects.
