Cyber specialist CFC has created a team focused on underwriting representations and warranties insurance in the renewable energy market. 

Head of Transaction Liability Gus Marshall says there were $US559 billion ($856 billion) of merger and acquisition deals in the renewables sector last year and CFC’s new proposition will give clients the specialist support they need in such complex transactions. 

“Given the unique risks associated with renewable energy projects, we have invested in a dedicated team to support our ever-growing number of clients investing in renewable projects,” he said. 

The energy and renewables underwriting team, led by Simon Wood, will focus on covering transaction risks such as offtake agreements and environmental liabilities. It will work closely with CFC’s recently established specialist tax practice to address issues such as investment tax credits. 

Transactional liability insurance can protect buyers and sellers by covering breaches of representations and warranties made in acquisition agreements.  

“This facilitates smoother transactions and mitigates risks, making it a cornerstone of many ... deals,” said Aline Brayner, who has been appointed CFC Transactional Liability Underwriter.