Riding the winds of change
A broker's nightmare in the 1970s, the wind turbine has been reborn and is fast becoming a star player in eco-insurance. Charlie Thomas looks at this niche market
With global warming and climate change dominating the headlines, it was only a matter of time before renewable energy sources became more prominent in the insurance market, and now brokers are reportedly falling over themselves to be represented in the area of offshore wind farms. Yet given the early disasters when onshore wind farms first arrived on the scene in the 1970s, is investing in the arguably riskier and more complex offshore version worth the gamble for forward-looking brokers?
Origina
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