Argenta subsidiary Argenta Syndicate Administration (ASML) has introduced the launch of a brand new vitality transition know-how insurance coverage unit.
The launch of the brand new unit is a part of ASML’s technique to assist a net-zero carbon future.
In a press assertion, Argenta mentioned: “Rising and prototypical know-how dangers are a key a part of Argenta’s total vitality transition technique and this new providing will assist different gas, carbon seize and renewable vitality operations and applied sciences; all very important elements in a internet zero future.”
Moreover, Argenta has promoted Edward Davidson to the brand new function of vitality transition know-how underwriter.
Efficient instantly, Davidson will lead Argenta’s new vitality transition providing.
Davidson shall be based mostly in London and report back to vitality and marine divisional head Heath Callan.
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Callan mentioned: “His appointment additional underlines Argenta’s continued funding in, and dedication to, insurance coverage as an answer to the world’s transition to a low-carbon economic system and comes shortly after our determination to undertake Moody’s ESG Underwriting answer and leverage their ESG, local weather and monetary information, fashions and analytics to decode threat and unlock alternatives in our underwriting and funding portfolios.”
Within the new function, Davidson shall be supported by the broader vitality group in London. This group will embrace Argenta vitality head Sarah Warren.
Davidson joined Argenta in 2015 to start his insurance coverage profession.
ASML underwriting director Ian Burford mentioned: “By supporting our companions and shoppers with the options, steering and companies they should adapt their enterprise fashions, we shall be taking part in an essential function within the transition to a lower-carbon international economic system.
“Ed’s appointment is a big milestone in our dedication to realising our personal ESG ambitions and can construct upon the experience we have already got in our vitality group.”
