MEMBER NEWS: Renewable Risk appoint new director to drive post-loss advice

January 25, 2021
MEMBER NEWS: Renewable Risk appoint new director to drive post-loss advice

Insurance and risk management consultancy Renewable Risk Advisers (Renewable Risk) has appointed Joe Hulm to lead post-loss advisory services for both onshore and offshore projects. Hulm will draw on over a decade of project development and insurance claims management after a first career at sea with the Merchant Navy.

A Chartered Marine Technologist and Fellow of the Institute of Marine Engineering, Science and Technology, he said: “Both mature and emerging renewable energy projects will soon experience a new challenge to the growth we all need to see, a hardened (sellers’) insurance market. This not only affects the cost and breadth of insurance cover, but the claims experience of hard-fought projects that need to quickly get back on their feet.

“Our post-loss advisory services seek to frame the structure and pace of a claim, through effective agenda-setting and informed advocacy. We understand both insurance claims and renewable energy projects, across technology, finance, law, and corporate diplomacy.”

Joe Hulm joins Renewable Risk from Lloyd Warwick International where he was a senior loss adjuster in the renewable energy team. His work focused on settling major and complex insurance claims across UK/Europe and North America, mostly in offshore power generation and transmission. Prior to this he led investment by International Power (now ENGIE) into what remains the world’s largest underwater power station, MeyGen in northern Scotland, with 398MW of seabed concession rights. He then went on to develop a tidal site in Canada, for Bluewater Energy Services alongside Minas Energy which secured the world’s highest feed-in tariff at CAD$530/MWh. Before earning a BEng in Marine Technology, Hulm was a rating and deck officer under power and sail and a marine surveyor with Noble Denton. He now holds an MSc in Energy, Environmental Technology and Economics and is working towards the Advanced Diploma in Insurance.

Founding Director, Michael Bullock, commented: “Having known Joe for well over a decade we are delighted he is expanding our suite of services into the claims arena. Whilst insurers have the benefit of specialist loss adjusting expertise following a claim, clients themselves generally lack access to specialist claims management expertise during what are all too often very stressed and sometimes confrontational negotiations. While we retain our insurance broking capability for selected clients, this fits our wider offering as trusted advisers and outsourced insurance and risk managers from the project planning stage through to post-loss advice.”

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AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.


Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.


Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

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