The impact of claims activity on insurance – 0221-01

About us

BMS is a leading international, majority employee-owned, specialist insurance broking group with over $2.9 billion in annual premium throughput. Established 40 years ago and headquartered in London, BMS has 22 offices around the world including the US, Canada, Bermuda, Latin America, Australia, Singapore, Hong Kong and Spain. Our size, structure and culture provide an attractive environment for brokers and clients. Put simply, each new client matters enormously to us and will receive the requisite attention all the way, with unfettered access to every part of the business. The Australian BMS Energy team , founded by Richard Nunny and Ben Humphries , has a combined four decades of risk advisory and insurance placement experience in the industry and over their career have been engaged in various capacities on over 10 GW of renewables in Australia across wind, solar, battery and hydro projects. The team provides market leading insurance advisory and broking services to developers, asset owners, financiers, contractors and other stakeholders involved in the development, construction and operation of power & renewable energy assets.

GCube has been in the renewable energy insurance business for 25 years, having pioneered tailored made insurance solutions for the renewable energy market. GCube writes cross class insurance that supports all aspects of the renewable energy industry from Marine Transit, to Construction and Operational All Risks including Loss of Profits and Business Interruption alongside Liability and Casualty Cover. With USD300 million in capacity any one single project GCube is the largest provider of renewable energy insurance globally. GCube writes risks in over 40 countries and has offices in London, New York, Newport Beach CA, Amsterdam, and Mumbai. GCube services its clients through a network of brokers based around the world. GCube Underwriting and GCube Insurance Services (GCube) were wholly acquired by Tokio Marine HCC on 1 June 2020 and operate as part of that group.

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