Aviva and AXIS have launched a new Lloyd's consortium, the A-Squared Consortium, with £200 million of capacity to support UK onshore renewable energy projects and the country's 2030 net zero ambitions.
Aviva and AXIS have launched a new Lloyd's consortium, the A-Squared Consortium, with £200 million of capacity to support UK onshore renewable energy projects and the country's 2030 net zero ambitions.
The Consortium
Aviva and AXIS announced a new Lloyd's consortium to support new renewable energy projects, helping enable progress towards the UK's 2030 net zero ambitions. The partnership combines the underwriting expertise and capacity of two of the London Market's renewable energy insurers across onshore wind, solar, and battery energy storage systems into a single, coordinated solution. It is the first Lloyd's consortium specifically focused on UK onshore renewable energy.
Operating within Lloyd's, the A-Squared Consortium has a total capacity of £200 million and will focus on onshore renewable energy construction and operational risks for new UK projects.
What the Consortium Offers
The consortium will:
- Offer up to 100% line size for qualifying risks, or take significant lead positions
- Provide consistent underwriting expertise across technologies
- Streamline quoting and placement through a coordinated approach
- Deliver shared risk engineering insights
Cover includes property damage, business interruption, and third-party liability, with flexibility to support more complex requirements through referral. The consortium is designed to simplify placement for brokers and clients, offering a clearer route to secure cover for renewable energy risks while meeting growing demand for capacity in the sector.
Leadership Perspective
"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," said Vicky Kent, Head of Renewable Energy and Engineering at Aviva.
"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," said Peter Fitzsimmons, Head of International Onshore Energy at AXIS.
Industry Significance
The launch reflects rising demand for specialist capacity in the renewable energy sector as the UK works towards its 2030 net zero targets. By pooling capacity and underwriting expertise within a single Lloyd's consortium, Aviva and AXIS aim to reduce placement friction for brokers and clients backing onshore wind, solar, and battery storage projects, an area where capacity has been increasingly sought after.
