AXIS Capital Holdings Ltd. has formed a renewable energy team within its AXIS Insurance business. The team, based in London, will insure and assess risks for renewable energy producers and distributors, including wind turbines, biofuel plants, solar energy systems, hydroelectric power generators and other renewable energy operations.
Matthew Melville will join AXIS Insurance as senior vice president to lead the newly formed renewable energy team. Most recently, Melville was chief underwriting officer of GCube Underwriting Ltd., a specialist insurance underwriting agency in the renewable energy market. Richard Carroll will also join AXIS Insurance as vice president from GCube, where he was business development manager.
SOURCE: AXIS Capital Holdings Ltd.