Howden has appointed Stanley Cochrane to the role of head of energy transformation.
In his new role, Cochrane will work across both Howden’s natural resources as well as its climate risk and resilience teams. He will primarily focus on helping clients navigate the changing risk landscape as they transition toward low-carbon energy sources, and “further developing the potential for insurance to remove financial barriers” to the projects that enable this transformation, a release said.
“As the technology required to enable the transition to a low carbon economy becomes increasingly viable, we are seeing a significant increase in demand for insurance solutions to help to release the capital to finance these projects,” said Howden climate risk and resilience division head Charlie Langdale.
“Stanley’s holistic view of the energy and natural resources industries, and understanding of emerging trends, will help to ensure we are supporting the projects that will make a real impact in delivering a sustainable transformation.”
“We are delighted that Stanley has chosen to join Howden. His strong underwriting perspective and broad, international experience of energy and natural resources industries will be invaluable as we help insurers to better understand clients’ changing risk profile, and develop tailor-made cover that meets their changing requirements,” added Howden head of natural resources Richard Haines.
“The energy transition dilemma is well publicised; global energy demand will continue to grow in coming decades and renewable energy sources alone cannot meet this demand. Energy providers will need to adjust, refocus and come up with solutions, and they need their insurance providers to do the same.
“There is no quick and easy answer, but Howden has a proven track record of finding innovative solutions to difficult challenges.”
