Beazley to acquire kWh Analytics to expand renewable underwriting

Specialty insurer Beazley has agreed to acquire US renewable insurance specialist kWh Analytics to strengthen data-driven underwriting for solar and energy storage projects. The acquisition aims to solidify Beazley's position within the energy transition by integrating kWh Analytics' proprietary database spanning over 300,000 renewable energy assets and $150 billion in loss data. This deal is expected to enhance Beazley's modeling and underwriting capabilities, providing US solar and storage developers with more scalable coverage options and streamlining bankability for large-scale projects.

Counterparts (5)

Buy-Side Legal

Evercore Partners International LLP

company

Evercore Partners International LLP is the London-based entity of Evercore Inc., a global independent investment banking advisory firm. It provides M&A advisory, capital raising, and restructuring services across a broad range of infrastructure sectors globally.

Freshfields Bruckhaus Deringer LLP

company

Freshfields Bruckhaus Deringer LLP is a global law firm with over 5,000 employees, providing legal counsel on complex infrastructure and energy transition transactions worldwide. It advises on digital, transport, social, and utility infrastructure, as well as renewable energy, battery storage, and hydrogen projects across Europe, North America, Asia, and the Middle East.

Seller

kWh Analytics

company

kWh Analytics is a financial technology company providing data-driven risk management and insurance solutions for renewable energy assets, primarily solar and energy storage. The company's platform and products de-risk over $20 billion in renewable energy assets, enabling more efficient financing and investment across North America.

Buyer

Beazley

company

Beazley plc is a specialist global insurer headquartered in London, UK, providing a broad range of insurance products, including coverage for large-scale infrastructure, energy, and construction projects. With over 1,500 employees and an investment portfolio exceeding $10 billion, it focuses on specialty lines such as political risk, credit, and operational risks across diverse sectors.

Sell-Side Legal

McDermott Will & Emery LLP

company

McDermott Will & Emery LLP is a global law firm with over 1,400 lawyers, founded in 1934 and headquartered in Chicago, USA. It provides legal counsel across the full spectrum of infrastructure and energy sectors, including renewables, transport, digital, and utilities, advising clients on M&A, project finance, development, and regulatory matters globally.