Aviva and AXIS launch new Lloyd’s consortium to power UK renewable energy growth

Aviva and AXIS today 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 brings together two of the London Market’s leading renewable energy insurers, combining underwriting expertise and capacity across onshore wind, solar and battery energy storage systems into a single, coordinated solution. It is also the first Lloyd’s consortium specifically focused on UK onshore renewable energy, making it a distinctive offering in the market.

The consortium is designed to simplify placement for brokers and clients, offering a clearer and more efficient route to secure cover for renewable energy risks, while helping to meet growing demand for capacity in the sector.

Operating within Lloyd’s, the ‘A-Squared Consortium’, with a total capacity of £200m, will focus on onshore renewable energy construction and operational risks for new UK renewable energy projects.

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.

Vicky Kent, Head of Renewable Energy and Engineering at Aviva, said : “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.”

Peter Fitzsimmons, Head of International Onshore Energy at AXIS, said: “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.”

About AXIS:

• AXIS will underwrite onshore renewable energy consortium risks through AXIS Energy Transition Syndicate 2050™. This specialist insurance syndicate provides cross-class risk solutions for activities and assets associated with replacing or displacing fossil fuels with lower-carbon alternatives during the energy transition phase.
  
  
• AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders’ equity of $6.4 billion at March 31, 2026, and locations in Bermuda, the United States, Europe, Singapore and Canada.
  
  
• Its operating subsidiaries have been assigned a financial strength rating of "A+" (“Strong”) by Standard & Poor’s and “A” (“Excellent”) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com

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Notes

• We are the UK’s only diversified insurer and we operate in the UK, Ireland and Canada. We also have international investments in India and China.
  
  
• We help our 25.2 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.
  
  
• We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2025, we paid £31.9 billion in claims and benefits to our customers.
• Aviva is a Living Wage, Living Pension and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at www.aviva.com/about-us/our-people/
• As at 31 December 2025, total Group assets under management at Aviva Group were £454 billion and our estimated Solvency II shareholder capital surplus as at 31 March 2026 was £6.1 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
  
  
• For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us