Energetic successfully renewed its agreements with SCOR alongside new capacity from Lloyds markets led by OAK Global, increasing underwriting capacity and broadening its infrastructure mandate
Energetic Capital, a leading provider of credit insurance solutions for clean energy and infrastructure, announced it successfully renewed its arrangement with SCOR, adding some new capabilities and increasing the single obligor maximum limit. This marks the seventh consecutive renewal, reinforcing a long-standing relationship supporting Energetic Capital’s core credit insurance platform.
Read More on Fintech : Global Fintech Interview with Rob Young, Managing Director – UK at InDebted
With SCOR’s continued support and new capacity from Lloyd’s led by OAK Global, we are well positioned to scale our underwriting and bring flexible solutions to a broader set of infrastructure opportunities.
“Energetic Capital has consistently demonstrated strong underwriting discipline and portfolio performance over multiple years,” said Oliver Posgate, Global Line Head of Political & Credit Risk at SCOR Business Solutions. “We are pleased to continue our partnership and support the next phase of their growth as demand for critical infrastructure accelerates.”
At the same time, Energetic announced that it had secured additional capacity from the Lloyds market, led by OAK Global’s syndicate 2843, as part of its new OAK Horizon strategic business unit.
“We see a compelling opportunity to deploy (re)insurance capacity through Energetic Capital’s underwriting platform,” said Tom Dickson, Chief Underwriting Officer, OAK Horizon and President, Innovation Strategies, OAK Global. “We’re pleased to partner with the team at Energetic through a Lloyds line slip, which offers a scalable structure to support a growing and increasingly diverse pipeline of infrastructure transactions.”
Together, the facilities increase Energetic Capital’s ability to underwrite transactions across distributed energy and infrastructure markets, while broadening the scope of risks the platform can support.
To date, Energetic Capital has enabled over $1.5 billion in transactions across 1,500 projects and 48 states, supporting the deployment of critical infrastructure and expanding access to capital for a wide range of counterparties.
“This milestone reflects both the strength of our existing partnerships and the expansion of our platform,” said Nathan Maggiotto, CEO of Energetic Capital. “With SCOR’s continued support and new capacity from Lloyd’s led by OAK Global, we are well positioned to scale our underwriting and bring flexible solutions to a broader set of infrastructure opportunities.”
The expanded capacity and mandate will enable Energetic Capital to continue growing its core offerings while pursuing new applications across adjacent sectors, leveraging its data-driven underwriting approach and specialized market access.
Catch more Fintech Insights : Finance as a Feature: The Monetization Shift in Global FinTech Platforms
[To share your insights with us, please write to psen@itechseries.com ]
