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Syndicate Risk Management Group (SRMG)
Offshore wind farm at golden hour

Renewables & Energy Logistics

For the projects that keep the lights on.

When a subsea cable fails at 200m depth. When a wind turbine drops a blade during commissioning. When a refined-product tanker gets stopped at a sanctioned port. You don't need a broker who's read the executive summary — you need one who speaks the technical language of your operation, understands the regulatory environment you operate under, and can access the specialty market that will actually pay when something breaks. That's what we do. Not adjacent. Not generalist. In your corner.

$0.5B+
In energy assets insured
0+
Subsea and renewable projects covered
<0 hrs
Claims mobilisation
THREE ENVIRONMENTS · ONE INTEGRATED PROGRAMME
Cable-lay vessel with wind turbines
02 — RENEWABLES

Wind & subsea

Offshore wind, floating platforms, subsea cabling, and delay-in-startup. The newer end of the sector — placed by brokers who've kept up.

Explore renewables
LNG tanker loading at terminal at blue hour
03 — CARGO & FUEL

Fuel & project cargo

Petroleum, LNG, ammonia, biofuels, refinery modules, high-spec project components. Every leg of the chain, every border.

Explore fuel logistics
THE FRONTIER

We speak the technical language of renewables.

Renewables underwriting is where the market moves fastest and where most brokers move slowest. Turbine failure modes, subsea cable fatigue, jacket foundation issues, HV transmission losses, commissioning delay penalties. Every claim in this sector is technical, geographic, and often contractual — all at once. Our team knows the fault tree.

01

Wind Turbines & Floating Platforms

Onshore, offshore fixed, and floating wind installations. Nacelle failure, blade loss, foundation issues, jacket damage during transport. Named perils plus operational contingencies structured against your actual OEM warranty and O&M contract.

Recent claim: blade loss during commissioning of a 12MW offshore turbine. Full replacement value paid, transport and reinstall covered, project delay penalties absorbed by delay-in-startup layer. Total recovery $18.4M.
02

HV Transmission & Seabed Cabling

Cable installation, energisation, and long-term integrity. Manufacturing defect vs installation failure vs external interference — the fault-tree matters, and we build cover that responds to each pathway.

Recent claim: seabed cable damage 8 months post-commissioning caused by anchor drag. Third-party subrogation coordinated, replacement cover triggered, transmission BI paid for 42 days of downtime.
03

Cable-Lay Vessels, ROVs & Subsea Assets

Marine construction fleet cover for cable-lay ships, DP2/3 vessels, remotely operated vehicles, and subsea installation assets. Structured against your specific charter parties and installation contracts.

Recent claim: ROV loss during subsea cable inspection at 240m depth. Full replacement value paid inside three weeks. Continuation of project cover structured to avoid a work stoppage clause trigger.
04

Delay-in-Startup & Project Disruption

The bigger exposure most operators underinsure. Commissioning delay penalties, off-take contract exposure, project finance interest carry. Structured against real project timelines — drafted against your real project timeline and off-take contract.

Recent claim: 47-day commissioning delay on a 400MW offshore wind farm caused by installation vessel damage. Off-take contract penalties + project finance interest carry recovered — a coverage most standard delay policies would have excluded.
THE MOVEMENT

Fuel doesn't wait. Neither does your cover.

Petroleum, LNG, ammonia, biofuels, bunker fuel, refinery components — moving energy is where a lot of the exposure sits. Cargo detention in a sanctioned port, product contamination during transload, war risk premiums that change weekly. Our energy cargo desk handles it live, not at quarterly review.

01

Refined Product & Bulk Cargo

Petroleum, LNG, ammonia, biofuels. Structured against your actual trade flow and the specific ports on your route — not annualised risk assumptions.

Recent claim: contamination event during a refined product transfer at a European terminal. Off-spec fuel dispute settled with buyer, third-party remediation covered, cargo value recovered.
02

Fuel Bunkering & Related Liabilities

Bunker operations, contamination claims, off-spec fuel disputes, and the third-party liability that comes with fuelling other people's vessels.

Recent claim: off-spec bunker fuel supplied to a container fleet caused engine damage across 3 vessels. Full third-party liability, remediation, and reputational management coordinated.
03

Project Cargo & Complex Placements

Refinery modules, wind turbine sections, transformer units, high-spec components. Bespoke placement for the shipments where the standard cargo market won't quote.

Recent placement: 240-tonne offshore wind turbine transformer moved from Denmark to a UK East Coast staging port. Bespoke project cargo cover placed through [[a]]Lloyd's[[/a]] — no standard market would have written it.
04

Multimodal & Geopolitical Risk

Cover that holds across ship, truck, barge, and pipeline hand-offs. War cargo endorsements for the specific corridors you actually transit — updated as the map changes.

Recent restructure: rerouted a client's entire North African refined product flow around the Red Sea via Cape of Good Hope inside 72 hours. War cargo endorsements restructured, premium impact absorbed in the existing programme.
THE APPROACH

We work for you, not the carrier.

Standard commercial policies write energy risk badly. They exclude the parametric event. They dispute the delay-in-startup claim. They send you an adjuster from a general commercial panel who's never seen a subsea cable. Ours don't. Each clause is drafted against your specific project or trade flow, and every claim gets an in-house advocate who understands the sector.

Standard commercial energy programme
  • Template wordings not written for offshore renewables
  • Delay-in-startup handled as an afterthought
  • Adjusters from generic commercial panels
  • War cargo static — not updated to today's corridors
  • Placement through general commercial markets
SRMG energy programme
  • Wordings drafted against your OEM warranty + O&M contract
  • Delay-in-startup structured against real project timelines
  • Sector-specialist adjusters and surveyors on your file
  • War cargo mapped to today's real corridors — updated live
  • Direct placement via Lloyd's specialty energy syndicates
Offshore wind turbine being installed at sunrise
CASE STUDY

400MW offshore wind farm. 47-day delay. Zero exposure to the client.

When an installation vessel damaged its crane during the commissioning phase of a 400MW offshore wind farm, our client faced a 47-day delay to complete the final turbines. Standard delay-in-startup cover would have quibbled the causation chain — was it vessel damage, weather waiting, or installation failure? All three, arguably. Under a market-standard policy the argument would have taken twelve months and settled for cents on the dollar. Instead, our bespoke delay-in-startup layer had been drafted against the actual project timeline and off-take contract. The full 47-day delay was recovered — including the downstream off-take penalty and the project-finance interest carry — settled inside eight weeks with the same broker who placed the cover leading the claims advocacy.

  • Delay-in-startup written against real project timeline, not market boilerplate
  • Off-take contract penalty recovered
  • Project-finance interest carry included
  • Same broker on placement and on claim — no hand-offs

Result: Zero cost to the client. Full 47-day recovery. Project stayed on financial forecast.

UK OFFSHORE WIND OPERATOR · 400MW PROJECT · COMMISSIONING 2024

The delay-in-startup wording SRMG drafted for us anticipated the exact causation question that came up when the installation vessel damage hit. Our previous market would have argued that clause for a year and settled at a discount. This was paid at full quantum inside eight weeks.
GENERAL COUNSEL · UK OFFSHORE WIND OPERATOR · 🇬🇧
WHY SRMG

Why energy clients work with SRMG

  • Sector fluency across hydrocarbons, renewables, and transport — we speak the technical language of your projects
  • Placement through top-tier capacity providers — Lloyd's specialty energy syndicates and international carriers with real appetite
  • Real-world advisory and execution — pre-placement risk engineering, live claims handling, post-loss market re-approach
  • Built-in agility for evolving regulatory and climate risks — new frameworks, new corridors, new asset classes
  • Independent since 1990. Every renewal, we go back to market. Every time.

When it's your project, you want us in your corner.

Complimentary review of your current energy programme — hydrocarbons, renewables, or logistics. Gap analysis. Restructuring recommendations. No obligation.

Request an Energy Programme Review Call +1 (305) 500 0844
Frequently asked

Renewable energy insurance questions

Offshore wind operators need Construction All Risks (CAR), Operational All Risks (OAR), Delay in Startup (DSU), Marine Liability, and Business Interruption. Specialist wordings address installation vessels, cable-laying operations, and turbine-specific risks. SRMG structures these across a single-transition programme so the client isn't renegotiating wordings mid-construction — we've placed the transition for a UK offshore wind operator that avoided a full re-underwriting cycle at commercial operations date.