Captives to play key role in energy transition

• Reducing capacity for ‘dirty industries’, but challenges remain to insure renewables
• Captives being deployed to incubate new risks and collect data
• New captive projects established to support decommissioning efforts

ESG and the transition to a greener planet is becoming an increasingly prevalent topic for both businesses and communities around the world, and captives are beginning to understand the important role they can play.

While the commercial market is signalling it is reducing capacity for, or total exit from, some so called ‘dirty industries’, there is also a race to find insurance for large green energy and renewable projects. Captives are being leaned on for capacity in both areas.