The company’s new team, which will underwrite globally, will be based in London and led by Diogo, reporting to Graeme Rayner, Pioneer’s group director of underwriting.
The new division will have a focus on both the on and off-shore wind power and solar sectors, Pioneer said in a release, and the company plans to grow the team under Diogo’s leadership.
Diogo, a former climate change specialist at Marsh, has extensive experience as a market leader in the renewable energy sector.
He joined Ascot Underwriting Limited in 2007 where he established Renewco, the first dedicated renewables operation in Lloyd’s, as well as Lloyd’s first renewable energy underwriting consortium in 2015.
He will take up the role of head of renewable energy at Pioneer.
“Renewable energy is an exciting and growing sector and I am delighted that Warren will be using his market leading expertise to establish this underwriting class for Pioneer,” Rayner said of Diogo’s appointment.
“By adding renewable energy to our technical property underwriting capabilities we will be further extending our offering to our brokers and clients across the globe,” he added.
Speaking of his new role, Diogo said that Pioneer has a “deserved reputation” as an excellent home for underwriters seeking to grow their portfolios and to offer specialist expertise to their business partners.
“Long term success in this rapidly evolving sector requires a flexible and bespoke operating model and I look forward to leveraging Pioneer’s unique platform and management strength to the benefit of those seeking the highest quality cover for renewable energy risks,” he added.
Nexus Underwriting sees multi-million-pound investment
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