Beazley acquires kWh Analytics

The acquisition will embed kWh Analytics into Beazley's Marine, Accident & Political (MAP) Risks team. Jason Kaminsky, CEO of kWh Analytics, will report to Tim Turner, Group Head of MAP Risks, and will be a key part of Beazley's transition underwriting strategy led by Kelly Malynn. kWh Analytics, founded in 2012, is a managing general agent (MGA) that specializes in data-driven insurance and risk management for clean energy assets. Their services include property insurance and revenue firming products for renewable energy assets, utilizing parametric risk transfer formats. They have a database of over 300,000 renewable energy assets and $150 billion in loss data. Beazley aims to leverage kWh Analytics' modeling capabilities to expand its presence in the U.S. solar and storage risk-mitigation market. Beazley views transition underwriting as a long-term driver of structural growth, with investments in energy transition projected to reach trillions in the next decade. Notably, Zurich Insurance Group has an agreement to acquire Beazley for $10.9 billion, a deal awaiting regulatory approval. This larger acquisition, if approved, would combine two major specialty insurance franchises.