New Energy Risk Announces the Promotion of Dr. Brentan Alexander to President in Response to Continued Business Acceleration
- surpassed
$2.8B in aggregate client project capital supported by over$1.4B of insurance capacity; - realized greater revenue by Q3 than in any prior year since its founding in 2010; and
- hired three new full-time staff members to support business development, actuarial modeling, and client diligence.
The company is experiencing a rising need for its unique risk assessment and underwriting services, particularly with dramatic increases in capital flowing into emerging technologies in the energy transition and other ESG-related sectors. NER is Underwriting a Greener Future™ by further developing new products to meet shifts in the economy as energy sources transition toward sustainability and industries decarbonize. The company has also implemented its own ESG client framework during this critical period to better respond to these market trends.
To facilitate NER's rapid progress, the company also announced the promotion of
On NER's accelerating business momentum,
About New Energy Risk
New Energy Risk is a pioneer of large-scale, breakthrough technology performance insurance solutions. Founded in 2010, the company provides complex risk assessment and serves as a bridge between technology innovators, financiers, and insurers. Insurance policies are administered through New Energy Risk affiliate
About AXA XL
AXA XL provides insurance and risk management products and services for mid-sized to large multinational companies, and reinsurance solutions to insurance companies globally. As a leading global insurer, AXA XL offers services in over 200 countries and territories for 90% of Fortune 500 businesses. To learn more visit www.axaxl.com.
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SOURCE New Energy Risk
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