Argenta launches energy transition technology insurance unit
Argenta Syndicate Management has committed to helping the transition to a lower carbon economy by promoting an underwriter specifically for energy transition technology.
Edward Davidson (pictured) will take up the position immediately at ASM, a subsidiary of Argenta Holdings. Based in London, he will report to Heath Callan, divisional head of energy and marine.
The company said the appointment demonstrated Argenta’s commitment to supporting a net-zero carbon future. He will be supported by the wider energy team in London, including Sarah Warren who was recently appointed as head of energy having joined from Dale Underwriting Partners where she was class underwriter, upstream energy.
“While wind and solar solutions continue to grow, other parts of the energy transition sector are still evolving, the company said. “Emerging and prototypical technology risks are a key part of Argenta’s overall energy transition strategy and this new offering will support alternative fuel, carbon capture and renewable energy operations and technologies; all vital components in a net zero future. “
Ian Burford, director of underwriting and active underwriter of Argenta Syndicate Management Ltd.’s Syndicate 2121 and SPA 6134 said: “By supporting our partners and clients with the solutions, guidance and services they need to adapt their business models, we will be playing an important role in the transition to a lower carbon global economy.
“Ed’s appointment is a significant milestone in our commitment to realising our own ESG ambitions and will build upon the expertise we already have in our energy team.”
Callan added: “Our clients are significantly increasing their investments in the technologies that will drive their energy transition and this promotion recognises the fantastic contribution that Ed has made in reinforcing the position of our energy team as an established leader and trusted partner in the market.
“His appointment further underlines Argenta’s continued investment in, and commitment to, insurance as a solution to the world’s transition to a low-carbon economy and comes shortly after our decision to adopt Moody’s ESG Underwriting solution and leverage their ESG, climate and financial data, models and analytics to decode risk and unlock opportunities in our underwriting and investment portfolios.
“As well as having the right tools, it is crucial that we have expert talent to identify how to mitigate and manage the risk. Ed will be essential in the growth of our collective expertise and expansion of our offering.”
Davidson’s insurance career began at Argenta in 2015. Lloyd’s named him the Marine and Energy Under 35s Young Energy Underwriter of the Year in 2019.
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