Insurance majors Zurich and Aon have launched a new clean hydrogen insurance programme, offering coverage for blue and green projects with CAPEX of up to $250m.
Designed to offer coverage for construction, delayed start-up, operational coverage, business interruption and more, the policies will include coverage for carbon capture, utilisation and storage (CCUS) technologies.
According to the firms, the facility has already been “oversubscribed…significantly exceeding expectations,” which they say shows market appetite for clean solutions and the insurance industry’s willingness to provide coverage for new risks.
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