#None #environmental sustainability #EMEA Region #FM Renewable Energy

FM Renewable Energy Expands Services in the EMEA Region

FM, a renowned name in the commercial property insurance industry, announced an exciting advancement in its services. On March 11, 2025, the company unveiled a new insurance policy designed specifically for renewable energy operations in the Europe, Middle East, and Africa (EMEA) region. This innovative offering stems from decades of engineering expertise and research in power generation, aiming to provide robust support for clients transitioning to renewable energy sources.

With the growing urgency to address climate change and achieve emission reduction goals, the renewable energy sector is rapidly evolving. This new policy offers comprehensive coverage tailored to the unique challenges that renewable energy projects face, such as extreme weather patterns and equipment failures. Clients in the EMEA region, therefore, can look forward to a support system that mitigates risks associated with these emerging technologies.

Doug Patterson, Senior Vice President of FM’s Forest Products and Renewable Energy division, expressed enthusiasm about the expansion of the company’s services. He remarked, “We are thrilled to extend our renewable energy solutions to a broader client base globally. Our research capabilities and engineering approach position us uniquely to assist clients in this energy transition and play a leading role in nurturing the renewable energy sector.”

This sentiment aligns with FM's commitment to fostering innovations that secure sustainability in the energy market. Last year, the company established FM Renewable Energy, focusing on research, standard development, and the creation of loss prevention solutions tailored for large-scale solar, wind, and battery energy storage systems. For over 70 years, FM has provided services to power generation clients across various energy sectors, including hydro, biomass, and energy-from-waste solutions.

Renewable energy projects face various risks—from hurricanes and hail to lightning strikes and equipment malfunctions. FM’s new insurance offering includes a suite of products and services tailored to protect renewable energy operations effectively. These encompass climate impact reports, business risk consulting, and research-based specifications—tools that empower clients to navigate their risks more confidently.

FM is not just a leader in property insurance; it is a mutual insurance company with roots nearly two centuries deep. The firm's capital, research potential, and engineering skills are dedicated to managing property risks, ensuring policyholders' resilience. Notably, its clientele includes many of the world's largest organizations, with a quarter of the Fortune 500 companies among its policyholders. By collaborating closely with these entities, FM enables them to gain a deeper understanding of the hazards that could disrupt their business continuity, facilitating informed decisions to manage risks efficiently.

As the renewable energy sector continues to grow, FM’s innovative approach will be pivotal in its evolution. Their new insurance offerings are set to not only protect but also empower stakeholders in the renewable energy market, solidifying their commitment to a sustainable future. By effectively managing the risks associated with this vital industry, FM positions itself as a trusted partner in the transition to a cleaner energy landscape.