Beazley will acquire kWh Analytics for an undisclosed amount to expand its role in underwriting risks linked to the global energy transition
The acquisition will add kWh Analytics’ modeling, underwriting, and risk management capabilities to Beazley’s portfolio
Following the deal, kWh Analytics will join Beazley’s MAP team, with CEO Jason Kaminsky reporting to Tim Turner
Beazley, the UK-based specialty insurer, is set to acquire US renewable energy underwriter kWh Analytics for an undisclosed amount. The company says it sees the global energy transition as a major growth opportunity and aims to support it by underwriting the complex risks involved.
The move underscores rising insurer interest in renewable energy as the sector expands globally and requires coverage for complex financial and technical risks.
“At Beazley, we see transition underwriting as a dynamic, longterm driver of structural growth, with investment in the energy transition projected to reach multiple trillions in the next decade,” said Beazley CEO Adrian Cox.
For kWh Analytics, this acquisition will help it scale while adding to Beazley’s capabilities in modeling, underwriting, and risk management across renewable energy portfolios. Its performance database currently spans over 300,000 renewable energy assets.
The company recently expanded its insurance agreement with Aspen Specialty, increasing its capacity to insure up to $100 million per renewable energy project, provided the project meets certain criteria.
“Joining Beazley represents an exciting new chapter for kWh Analytics. Together, we will accelerate the development of risk products and services that support the energy transition. Beazley’s global reach and commitment to innovation make them the right partner to scale our mission,” added Jason Kaminsky, CEO of kWh Analytics.
On completion of the transaction, kWh Analytics will become a part of Beazley’s Marine, Accident & Political (MAP) Risks team. Kaminsky will report directly to Beazley’s Group Head of MAP Risks, Tim Turner.
In June 2025, kWh Analytics released its 7th annual Solar Risk Assessment report, which called hail one of the most severe financial threats to solar power investments (see Hail Costliest Weather Risk For Solar Power Projects).
