Howden has appointed Stanley Cochrane as head of energy transformation from Swiss Re, to help clients navigate the changing risk landscape as they transition towards low-carbon energy sources.
Mr Cochrane will work across Howden’s natural resources and climate risk and resilience teams to develop insurance solutions that will remove financial barriers to the energy transition.
He spent 30 years as property underwriter at Swiss Re, specialising in energy, natural resources and complex risk. Most recently, he worked in Singapore for six years as head of property and specialty in Asia-Pacific.
Charlie Langdale, head of Howden’s climate risk and resilience division, said: “As the technology required to enable the transition to a low-carbon economy becomes increasingly viable, we are seeing a significant increase in demand for insurance solutions to help to release the capital to finance these projects.
“Stanley’s holistic view of the energy and natural resources industries, and understanding of emerging trends, will help to ensure we are supporting the projects that will make a real impact in delivering a sustainable transformation,” he added.
Richard Haines, Howden’s head of natural resources, said Mr Cochran’s experience will be “invaluable” as the broker helps insurers better understand clients’ changing risk profile and develop tailor-made cover that meets their changing requirements.
Mr Cochrane said: “The energy transition dilemma is well publicised; global energy demand will continue to grow in the coming decades and renewable energy sources alone cannot meet this demand. Energy providers will need to adjust, refocus and come up with solutions, and they need their insurance providers to do the same. There is no quick-and-easy answer, but Howden has a proven track record of finding innovative solutions to difficult challenges. I am excited to join the team and am confident that, by working in partnership with energy providers, insurers and other stakeholders, we can support a transition that focuses on the sustainable and accessible delivery of energy for the long term.”