Announced
Completed
Financials
Tags
Renewable Energy Equipment
Acquisition
Single Bidder
Completed
United States
Friendly
renewable energy
Majority
Private
Domestic
Synopsis
Tokio Marine HCC, an international specialty insurance group, completed the acquisition of GCube, a renewable energy risks specialist. Financial terms were not disclosed. "This strategic investment underlines our commitment to the renewable energy insurance market and our desire to actively address the issues around sustainability, helping us move towards a safe, secure and sustainable future. GCube also adds significant weight to our existing classes of specialty insurance and is in line with our strategy of acquiring businesses which possess real market-leading expertise, complement our existing portfolio and offer opportunities for growth and diversification," Barry Cook, Tokio Marine HCC CEO.
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