When it comes to making the investments and deals that power the world, our specialist insurers will provide the support you need.

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Energy and Infrastructure Transactional Risk Insurance

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Our team leads the way for the Energy and Infrastructure industry

Our expertise in major energy transactions across the world is unmatched in our sector. We’re led by lawyers with more than 30 years of combined experience across the Energy and Infrastructure industries, with experience in the acquisition of major assets from wind farms to waste-to-energy plants, from data centres to offshore drilling assets.

We work closely, across continents.

We have experience, and teams, in every energy market and key site in the world. This gives us in-depth knowledge of both infrastructural challenges and legislation changes. Wherever you are planning your next project, we have the knowledge and expertise to find you the best possible cover, and give you the most thorough advice.

Your industry is our specialism

We draw on the knowledge of leading energy industry consultants, underwriters and brokers with direct experience on the ground – who all specialise in up-to-the-minute insights into every detail of the trade. We can provide due diligence reviews, physical site and asset assessments and insurance solutions for the entire lifecycle of your deal.

424x480xenergyxinfrastructure When it comes to making the investments and deals that power the world, our specialist team will provide the support you need

Our industry leading offering:

We have demonstrable expertise in Renewable Generation, Wind (on-shore and off-shore), Solar (rooftop and ground), BESS, Energy Storage, Renewable Energy, Oil and Oil Products, Shipping, LNG, Digital Infrastructure, Core and Non-Core (core + and core ++) Infrastructure, Manufacturing and Industrials.

We are fully transparent with our clients, setting out a clear framework of costings, analysis and advice - not just on how to cover your risk, but how to reduce your risk and streamline the M&A process.

Our teams can provide coverage across the energy and infrastructure spectrum, covering Energy W&I Insurance, Renewable W&I Insurance, Wind W&I Insurance, Solar W&I Insurance, Infrastructure W&I, Data Centres W&I and many associated products including Tax Liability Insurance and Contingent and Litigation Risk Insurance. We can work with colleagues across Lockton to ensure specialist coverage of every risk associated with your deal.

We have a particular emphasis on offshore wind, bio-gas and hydrogen projects - and are often commissioned to insure the most ground-breaking projects, brokering coverage without precedent: we were the first broker to insure a green hydrogen storage plant – the Aces Delta in Utah. As the renewables sector continues to develop, we work closely with our clients to craft policies that are fit for this new future.

While net zero objectives drive demand, we retain a key interest in traditional energy infrastructure projects. Our experience in Upstream and Downstream transactions in EMEA means we can help you navigate the complexities of cross-border IOC/NOC/Sovereign Wealth transactions. Our teams have worked extensively on the due diligence around ESG requirements, new legislation and best practise in each global market.  

Download our market report

We do more than just identify risks and help you insure them, we work alongside you to make your deal happen the way you want it to.

Transactional Risks Market Update 2022
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Read our insights on Energy and Infrastructure Transactions

Wind turbines
— Articles

Transactional Risks: Energy & Infrastructure W&I Insurance Update

Energy and Infrastructure FAQs

W&I (Warranty and Indemnity) Insurance is a valuable tool for mitigating risks associated with renewable energy investments, including wind, solar, and BESS. This means:

  • Buyer has recourse against insurer with greater credit strength and does not need to pursue sellers or management team

  • Buyer can enhance coverage under a W&I policy vs what is offered in the SPA

  • Differentiates a bid in an auction process

  • Provides comfort to lenders, investors and shareholders

  • Facilitates transaction completion

  • Ability to insure against known issues (e.g. tax, litigation and contingent risks) via standalone policies.

  • Clean exit from transaction

  • No need for an escrow in relation to warranty claims

  • Mitigation against price-chips

  • Seller can maximise and accelerate returns to shareholders/investors

  • Removes warranty burden of management team transferring to new owners

  • Facilitates transaction completion

  • Ability to insure against known issues (e.g. tax, litigation and contingent risks) via standalone policies.

  • Increased insurer focus on scope and quality of due diligence

  • IP / IT / data protection and cyber focused warranties coming under increased scrutiny

  • Valuation multiples and methodologies are probed more by insurers

  • Increase in standalone tax and contingent risk policies

Renewable energy assets, with their complex technology and long-term operating lifecycles, present unique underwriting challenges. Lockton's energy and infrastructure team has extensive experience in navigating these complexities to secure tailored W&I Insurance coverage for wind farms, solar PV, BESS, biofuels, toll roads, telecoms, data centres, LNG facilities, oil exploration and many other areas. All of which the team has first-hand experience of advising.

Acquiring insurance for oil and gas assets can be challenging due to insurer ESG considerations and geopolitical constraints. However, due to our specialist knowledge in this sector, insurers have been happy to work with our specialist team and we have successfully placed insurance on the purchase of operational oil and gas explorations targets in MENA.

Every transaction is different, due to our extensive experience across energy and infrastructure sectors, we are frequently requested by our clients to advise on structuring transactions and due diligence scope across all workstreams: legal, tax, finance, commercial and technical aspects.

Let’s talk about your next deal...

Would you like to talk about how our team can work with your business? Use the contact form below and we will be in touch.

Talk to our team

Our People

Graziano Argento
Legal Associate
Graziano joined Lockton European Brokers Ltd in March 2022 as part of the Transactional Risk team, where he currently provides support with the placement of W&I insurance for EEA risks. Before joining Lockton, Graziano spent five years at Apex, a global investment funds’ service provider where he specialised in providing legal and corporate services to asset managers and investment funds. Prior to that, Graziano worked in private practice. Graziano holds a Master’s Degree in Law from the University of Bari.
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Daniel Astle
Assistant Vice President
Dan joined Lockton in 2018, initially working in a hybrid capacity between our Corporate and Insurance Due Diligence teams. Following the growth of the Due Diligence team, Dan transitioned into the team as a full-time Project Manager, assisting buyers and sellers of businesses worldwide with pre-deal insurance due diligence. Prior to joining Lockton, Dan worked for another large multinational insurance brokerage.
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Richard Belsey
Senior Vice President
Richard Lockton in 2022 as Senior Vice President and leads the real estate transactional risk insurance offering. Richard has worked on and led a large number of UK, international and offshore private M&A deals across a wide range of values and sectors, as corporate lawyer, M&A underwriter and M&A broker. He is a UK qualified corporate lawyer with over 18 years’ professional experience and has particular expertise and interest in the corporate real estate and financial services sectors, as well as the European M&A market.
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Harry Blakelock
Partner
Harry heads the UK Transactional Risks Practice having joined Lockton in January 2014. Before joining Lockton, he worked for a large M&A underwriter in both the US and the UK. Today, he advises clients on a wide range of transactions across multiple jurisdictions and sectors specialising in Warranty & Indemnity Insurance and other transactional risk related insurance products.
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Kjetil Berge
Senior Vice President
Kjetil joined Lockton in 2022, as a Senior Vice President in the Transactional Risk department. He has previously been working as a lawyer at EY and Norwegian law firm Haavind, focusing on M&A, corporate law and corporate tax law.
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Mathew Bond
Senior Vice President & Head of Tax
Mat joined Lockton in January 2020 and is our tax lead, specialising ininsurance for tax specific items arising on corporate transactions. Prior to joining Lockton, Mat worked for international accountancy firms PwC and Mazars for over 15 years where he specialised in advising privately owned businesses and individuals on both corporate and personal tax matters.
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Somers Brewin
Vice President
Somers joined Lockton in 2022 from Herbert Smith Freehills where he worked as a corporate lawyer specialising in the real estate sector and advised clients on a range of corporate real estate transactions (including acquisitions and disposals, joint ventures and structured investments). During his time at Herbert Smith Freehills, Somers spent six months in the energy team in their Singapore office and was also seconded to the Blackstone Real Estate team in London.
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Jack Burnett
Assistant Vice President
Jack joined our team in Manchester in September 2022 having previously spent a number of years working within the accountancy practice & tax sector. Jack covers transactions across the north of England and works with Private Equity houses, Law firms, Corporates and Corporate Finance houses assisting on W&I Insurance, Tax Liability Insurance and Insurance Due-Diligence.
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Emily Chamberlain
Vice President
Emily joined Lockton in July 2022. Having qualified as a solicitor in 2012, Emily formerly worked in private practice at international law firms, spending over five years in the corporate team at Pinsent Masons as a general M&A lawyer before moving to Latham & Watkins where she focussed on transactional due diligence. Emily is based in Manchester.
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Adnan Chida
Vice President
U.A.E
Adnan joined the Transactional Risks team at Lockton in November 2022 as Vice President and will focus on this offering in the MENA region. Adnan has been in Dubai for over 8 years and has worked on and led a number of local, regional and cross-border private M&A deals for Private Equity houses, global companies, UHNW individuals and family offices across a wide range of values and sectors, as corporate lawyer. He is a UK and UAE qualified corporate lawyer with over 14 years’ professional experience.
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Harry Chrimes
Junior M&A Associate
Harry joined Lockton in 2022, in our Transactional Risks department, as a Junior Associate in Manchester. He joined us after completing studies at both the University of Glasgow and the University of Sheffield. Currently, he advises on W&I with a focus on the North of England and Scotland.
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Giovanni Colistra
Assistant Vice President
Giovanni joined Lockton in October 2019, after a secondment within the Global Professional & Financial Risks division. Previously he graduated from Roma Tre University with an experimental and published dissertation on “ How to withdraw from EU: the Brexit case”, obtaining his Master Degree in Law. Since then, Giovanni has led a wide range of cross-border transactions advising clients on a wide range of sectors, notably in Continental Europe with a focus in Italy, Spain, Portugal and the Netherlands. Giovanni speaks English, Spanish and Italian.
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