#Renewable Energy #Luxembourg #Luxembourg City #EMEA #FM Renewable Energy

FM Renewable Energy Expands Its Insurance Services Across EMEA

FM, a renowned commercial property insurer, has officially launched its renewable energy insurance policy for clients in the Europe, Middle East and Africa (EMEA) regions. This move brings decades of expertise in energy production and engineering to a rapidly growing market.

The new insurance offering is designed to support FM's clients in their transition to renewable energy, empowering them through research and innovation. As the renewable sector continues to evolve in response to greenhouse gas emission reduction targets, it presents a multitude of challenges, including new technologies and an increased exposure to disasters, particularly those driven by climate change. FM's operational policy for renewable energy in the EMEA region will aid clients in navigating this swiftly changing risk landscape.

Doug Patterson, Senior Vice President for Forest Products and Renewable Energy at FM, expressed enthusiasm for this expansion stating, "We are excited to extend our renewable energy services and solutions to more FM clients around the globe. Our research capabilities and technical approach to mitigating risks put us in a unique position to support our clients' energy transition and to play a leading role in the evolving renewable energy sector."

Last year, FM took significant steps by establishing FM Renewable Energy, a branch focusing on research, standard setting, and loss prevention engineering in the domains of ground solar energy, land-based wind energy, and battery energy storage systems (BESS). With seven decades of experience, FM has been a steadfast partner to electricity producers across various energy sectors including hydroelectric, biomass, and waste-to-energy conversions. FM Renewable Energy is dedicated to helping leaders design, build, and maintain resilient and reliable energy projects while also protecting them over the long term.

As renewable energy projects face a myriad of risks ranging from windstorms and hail to lightning strikes and equipment failures, FM offers an array of products and services to safeguard renewable energy operations. This includes climate impact reports, business risk consulting services, and research-based technical sheets.

Originally founded nearly two centuries ago, FM stands as a premier mutual insurance company, fully committed to managing real estate risks and enhancing the resilience of its policyholders. These insured entities, sharing the belief that most property losses can be prevented, encompass many of the world’s largest organizations, with one in four from the Fortune 500 list. They collaborate with FM to better grasp the risks that can threaten their business continuity and to make financially sound risk management decisions, integrating loss prevention strategies with insurance protection.