Green Partners Adjusting Launches to Support Renewable Energy Loss Adjusting Worldwide

A new insurance loss adjusting business, Green Partners Adjusting, has launched to provide specialist services to the renewable energy industry.  Green Partners Adjusting will work with Insurance Underwriters in the London markets and their Insured clients across the globe, to find common ground between insurance contracts and the need for rapid repair and replacement of renewable energy equipment.  

Founded by a team with over 50 years of collective experience in renewable energy loss adjusting and risk surveying, Green Partners Adjusting is led by industry veteran George Pooley, who brings over two decades of expertise from some of the market’s most high-profile claims in wind, solar, battery energy storage systems (BESS), and natural catastrophe (Nat Cat) events.  Green Partners Adjusting will sit within the VRS Vering group, leveraging the geographical reach and efficient administrative support of the global loss adjusting network.

As the renewable energy markets continue to rapidly evolve – with equipment increasing in scale, components passing into obsolescence as technology is replaced, and inflation continuing to impact broader supply chains – the cost of renewable energy insurance claims has continued to rise.

Coupled with increasing impact of natural catastrophe, with losses to onshore wind and solar from severe convective storms rising significantly, developers, asset owners and their insurance partners need the support of knowledgeable, responsive loss adjustors to expedite often arduous processes in testing for damage and auditing.

By providing a specialist clean energy loss adjusting expertise, rather than broader energy loss adjusting teams typically found in the larger firms, Green Partners Adjusting aims to better support Insurers facing a softer market under tighter premiums by saving time on the understanding and rectification of common issues through its extensive familiarity with varying equipment types. 

Additionally, by providing forensic accountancy services as part of its offering, Green Partners Adjusting can support Insurers in the complex modelling of delay in start up, business interruption and liquidated damages, ensuring Underwriters receive fair recompense for liquidated damages claimed under other warranties or contracts.

“We’ve launched Green Partners Adjusting because we believe the renewable energy sector deserves a specialist response,” said George Pooley, Managing Partner. “This is not a side offering for us, it’s our entire focus. We understand the commercial pressures, the evolving technology, and the critical importance of fast, confident decisions in high-value claims.  Our specialist understanding and experience in the sector means we can provide extensive support to Insurers and Reinsurers to help refine policy wordings, improve reserving accuracy, and support predictive loss mitigation strategies.”

“From understanding the precise cause of failure to mapping out cost-effective resolution pathways, including sourcing parts from the secondaries market, we aim to protect liquidity, shorten downtime, and deliver certainty to renewable energy stakeholders within the framework of the Insurance contract.” added Pooley.

Green Partners Adjusting | https://greenpartnersadjusting.com/