The latest from FM Global, who are keen to help clients meet the latest Net Zero and ESG targets;
Commercial property insurer FM Global has announced the launch of a Renewable Energy unit to help clients in the transition to alternative energy through research and innovation, and to support the overall advancement of the renewable energy industry. FM Global unveiled the new initiative as part of its presence at the RISKWORLD conference in San Diego, California, this week, announcing leadership for the new unit and disclosing that it will begin offering a renewable energy insurance product later this year.
FM Global’s Renewable Energy unit leaders include:
- Jim O’Brien, division manager, Canada and Specialty Industries
- Doug Patterson, head of renewable energy
- Russell Jannetto, renewable energy client service leader
- Chris Kosloski, renewable energy underwriting manager
- Cassian Walker, renewable energy engineering manager
- Michael Perron, renewable energy market lead
Clients and brokers have increasingly asked for FM Global’s support in accelerating new energy projects in response to worldwide adoption of emissions-reduction targets. The FM Global Renewable Energy unit will focus on research, standards development and loss-prevention engineering around utility-scale ground mounted solar, onshore wind power and battery energy storage systems (BESS). For 70 years, FM Global has served power generators in these and myriad other energy sectors, including hydropower, biomass and waste-to-energy. The new unit serves the United States and Canada today and will launch globally later this year.
“The renewable energy landscape is complex and rapidly developing, and losses can be costly,” said Doug Patterson, FM Global’s head of renewable energy. “We are investing in state-of-the-art solutions, services and industry expertise to help our clients succeed in the changing landscape. We want to help our clients future-proof their energy needs and support the overall industry as it evolves and grows.”
In July, FM Global will offer a new policy for renewable energy operation in the United States. Next year it plans to offer a renewable energy construction policy to support clients from the design and build stage through operation of renewable energy assets.
As a research-driven organisation, FM Global recently completed six significant research projects on solar, wind and energy-storage systems. More than a dozen more are in progress. The company has already developed renewable energy guidelines for clients, available at no cost in FM Global’s Property Loss Prevention Data Sheets.
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