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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