World’s first serial losses insurance launched for offshore wind turbines
Bremen, Germany - Insurance broker Nordwest Assekuranzmakler (NWA) in close collaboration with the wind turbine manufacturer REpower Systems has launched the world’s first serial losses insurance for offshore wind turbines.
Risks involved in installation and operation of offshore wind turbines
This new type of insurance coverage was developed by NWA over the course of two years. After a detailed analysis of the potential risks involved in the installation and operation of wind turbines, undertaken jointly with REpower, the leading insurance broker in the renewable energies sector set out to find the right type of insurance coverage for REpower. "If ten people tell us it can’t be done, then that’s something that really triggers our ambition", says Thomas Haukje, managing partner of NWA, about how both parties concluded the agreement. "We’re proud to have achieved this milestone in insurance coverage", says Haukje with satisfaction. "The coverage normally available did not meet our demands and we’re delighted that NWA didn’t give up and was able to deliver as it said it would", adds Thorsten Meyer of REpower.
Source: IWR Online, 05 Dec 2012