Beazley Group has agreed to acquire kWh Analytics, a US-based renewable energy managing general agent (MGA), which will become part of Beazley’s MAP (Marine, Accident & Political) Risks team. Jason Kaminsky, CEO of kWh Analytics, will report directly to Tim Turner, Group Head of MAP Risks.
Founded in 2012, kWh Analytics has raised approximately $25m in funding and provides coverage solutions for battery storage, solar, and wind energy projects.
Jason Kaminsky said: “Joining Beazley represents an exciting new chapter for kWh Analytics. Together, we will accelerate the development of risk products and services that support the energy transition. Beazley’s global reach and commitment to innovation make them the right partner to scale our mission.”
Adrian Cox, CEO of Beazley, added: “The energy transition represents one of the most significant opportunities for the specialty insurance market. At Beazley, we see transition underwriting as a dynamic, long-term driver of structural growth, with investment in the energy transition projected to reach multiple trillions in the next decade. kWh Analytics’ reputation as an innovative player in the renewable energy space is well established, and this acquisition reflects our continued investment in the capabilities needed to support our transition clients with solutions to complex risk. I’m excited to work with the fantastic team at kWh Analytics.”
The acquisition underscores Beazley’s commitment to supporting renewable energy projects and providing tailored insurance solutions for the evolving risks associated with the energy transition.
