Leading specialty insurer Beazley has reached an agreement to acquire US renewable energy MGA kWh Analytics, which will see the company join its MAP (Maritime, Accident and Political) risk team.
kWh Analytics CEO Jason Kaminsky will report directly to MAP Risks group director Tim Turner and become a key part of the transition underwriting strategy, led by Kelly Malynn.
“Joining Beazley opens an exciting new chapter for kWh Analytics. Together we will accelerate the development of venture products and services that support the energy transition. Beazley’s global reach and commitment to innovation make them the best partner to achieve our mission,” commented Kaminsky.
Beazley said the global energy transition represents a significant strategic growth opportunity, with a focus on underwriting the complex risks required to support this transition.
With this in mind, the specialist insurer said the acquisition of kWh Analytics will add scale and enhance its capabilities in renewable energy portfolio modelling, underwriting and risk management.
Adrian Cox, chief executive of Beazley, added: “The energy transition is one of the most significant opportunities for the specialist insurance market.
“At Beazley, we view transition underwriting as a dynamic, long-term driver of structural growth, with investment in the energy transition expected to reach trillions of dollars over the next decade.
“kWh Analytics has a well-established reputation as an innovative player in the renewable energy space, and this acquisition reflects our continued investment in the capabilities needed to support transitioning customers, delivering solutions for complex risks. I am delighted to be working with the outstanding team at kWh Analytics.”
Earlier this year, kWh Analytics renewed its agreement with Aspen Specialty, expanding support for its renewable energy assets and project property insurance products.
In 2025, kWh Analytics added a new $20 million tier of capacity to its natural disaster solutions in the renewable energy sector. In addition, it closed the Apex Clean Energy parametric wind agency hedge guaranteed by Munich Re.
In related news, this month global insurer Zurich reached an agreement to acquire Beazley in an all-cash deal worth £8.1bn, bringing together “two highly complementary businesses to create a global leader in specialist insurance”.
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