The collaboration was formalised with the signing of a Memorandum of Understanding (MOU) at Lloyd’s iconic headquarters in London.

The alliance underscores Lloyd’s commitment to harnessing its unique convening power to advance the sustainable growth objectives of the project. This strategic partnership forms part of a groundbreaking sustainable development initiative aimed at placing nature and renewable energy at the forefront of Sherbro Island’s development trajectory.

Lloyd’s will offer specialised insurance and risk knowledge within the market, collaborating with global brokerage Aon and market insurer Tokio Marine Kiln as key strategic allies.

John Neal, Lloyd’s Chief Executive Officer, commented, “As chair of the SMI’s Insurance Taskforce, Lloyd’s has a leading role to play in helping bring innovative and regenerative projects to life around the world.

“Sherbro Alliance Partners’ vision for Sherbro Island is to bring long-term prosperity and growth to the region, while providing access to cutting-edge renewable energy and technology. We look forward to working closely with SAP to help bring this project to life.”