Occam taps Chaucer talent to build 'market-leading' clean energy re/insurance business

Specialist lines-focussed managing general agent (MGA)  Occam Underwriting is looking to build a low carbon energy business to capitalise on the growing demand for renewable energy technology.

The MGA has hired Oliver Litterick (pictured) as director and head of low carbon energy to lead and build a new re/insurance business that will seize upon opportunities arising from the continuing development of energy through renewable sources to help address global environmental, social and governance (ESG) concerns.

Occam stated that it has made a deliberate strategic decision to pivot towards a focus on insuring the renewable energy industry and move away from supporting fossil fuel energies.

Litterick has nearly 15 years’ experience in the renewables market and he joins Occam from Chaucer, where he was an underwriter. He started his career as a broker with Windsor before it became part of Howden, RKH Specialty, and China Re Syndicate 2088 – where he started and grew their renewables portfolio – before it became part of Chaucer Syndicates in 2019.

“We are thrilled that Oliver is joining Occam as we begin to build out a team to take advantage of the many growth opportunities that are rapidly emerging in the low carbon energy economy as ESG concerns move to the top of companies’ agendas all around the world,” said Occam chief executive officer Mark Fisher.

He added: “We intend to create a market-leading clean energy (re)insurance practice that is built on deep industry expertise and underwriting excellence. Oliver was our number one candidate to lead this new line of business and it is a real demonstration of our intent to attract someone of his calibre and experience to lead and grow his own team at Occam.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.