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NARDAC
Insurance
London, England 3,604 followers
Risk and insurance expertise for clients in the global energy and infrastructure sector.
About us
NARDAC delivers personal, dedicated expertise to guarantee our clients enhanced and consistent success through every phase of their large, complex infrastructure (re)insurance transactions. We secure the best, sustainable terms for our clients, and ensure claims are settled promptly and efficiently. We serve as advocates throughout the lifecycle of infrastructure investments, staying consistently involved throughout our engagement. We support clients to balance their risk tolerance with that of joint venture partners, private equity and lenders. The industry backgrounds and unique experiences of our Partners provide clients with sophisticated insight. We help our clients to anticipate and prepare for the challenges they may encounter with thoughtful, innovative solutions. Our team of industry leaders understand our client’s business goals, risk exposures and financial tolerance. They create and deliver compelling narrative to frame and differentiate our client’s large complex infrastructure megaprojects and portfolios to underwriting capital. Supported by qualitative and quantitative data, our Partners passionately negotiate for clients on time sensitive deals using the latest technology. We create a culture of mutual respect with preferred underwriters and their claims teams to nurture long term partnerships beyond transacting (re)insurance.
- Website
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http://nardac.com
External link for NARDAC
- Industry
- Insurance
- Company size
- 11-50 employees
- Headquarters
- London, England
- Type
- Privately Held
- Founded
- 2020
- Specialties
- offshore wind, insurance, risk management, claims, reinsurance, renewable energy, power generation, infrastructure, subsea cables, climate change, project finance, and private equity
Locations
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Primary
22 Bishopsgate
17th floor
London, England EC2N 4BQ, GB
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2901 W Coast Hwy
Suite 200
Newport Beach, California 92663, US
Employees at NARDAC
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Mansi Chitkara
Operating Partner at NARDAC | Insurance Broking | Operations | Business Strategy | Global Business Delivery | Functional Head | Risk, Governance &…
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Chris London
Executive Chairman at Paragon International Insurance Brokers Ltd
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Tom Harries
Partner at NARDAC | Renewable energy | Offshore wind | BESS
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Robert Bates
Partner
Updates
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Will we see a UK CfD top-up in time for AR6? With inflationary pressure and supply chain disruption having cast a long shadow, the new The Labour Party Government has a real opportunity - and a narrow window to change the budget by 1st August - to put UK offshore wind back on a growth track. Speaking to S&P Global prior to the UK election, NARDAC Partner, Robert Bates, highlighted the challenge facing offshore wind developers in UK waters: "The economics of a lot of these projects are getting very, very marginal - there's a risk of competing away the gains that have been made.” But a little could go a long way, with think tank Ember reporting today that a 25% increase in allocation could help displace 12% of gas imports by securing additional offshore wind capacity. It's all to play for! #OffshoreWind #CFD #AR6 #EnergyTransition #EnergyInnovation #WindEnergy
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Battery storage projects are a new gold-rush, and, according to the International Energy Agency (IEA) attracted more investment that any other energy sector in 2023. But, the financing of projects has some significant complexity. Speaking to Infrastructure Investor, NARDAC’s Dr Tom Harries discusses some of the less obvious routes to optimal battery energy insurance that investors may be missing out on. Click below to read more on how early engagement on site design can be crucial to giving insurers confidence that thermal runaway risks have been considered, and mitigated. Image credit for this super portrait goes to Infrastructure Investor. https://lnkd.in/ejEjdvWH
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TWAICE partners with NARDAC! We're excited to launch our partnership with leading battery analytics software firm, TWAICE, as part of a new collaboration to improve insurance terms for battery storage projects. NARDAC's Dr Tom Harries and TWAICE have today published a whitepaper detailing key case studies where advanced battery analytics have enabled a proactive approach to BESS project risk mitigation. To learn more about how your BESS project can benefit, click here to request your copy of the report: https://lnkd.in/ebP2uxGj #BESS #ThermalRunaway #BatteryInsurance #CleanEnergyInsurance #Software #BatteryTechnology #EnergyStorage
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Congratulations to Jatin Sharma, Managing Partner at NARDAC, for his nomination for The Insurer's Program Manager Rising Star of the Year award. In a highly competitive category, Jatin's innovative thinking and unwavering commitment to making NARDAC a standout organization in this dynamic sector have truly impressed. Renewable energy insurance is facing its challenges, as inflation, commodity costs, and most of all, new climatic volatility, are impacting projects. NARDAC was founded to help break this impasse with creative solutions, driven by Jatin’s ambition to do better. We’re thrilled that this has been recognised in the industry with his nomination. We would of course also like to congratulate the winner, BMS Group's Benjamin Shapiro, and Jatin's fellow nominees. Each has demonstrated remarkable talent and dedication in their respective roles, and we look forward to seeing their stars rise in 2025. #renewableenergyinsurance #risingstars #awards #cleanenergy
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If you missed our newsletter last week, here’s Dr Tom Harries on headline grabbing battery energy storage fires, and how adding an extra few feet in your site design really can make all the difference. Sign up for our newsletter, here: https://lnkd.in/gyzetMx8 #breakingnews #batterystorage #onshorewind #repowering #solar #cleanenergyinsurance #batteryfires #insuranceclaims
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Get ready to level up your knowledge and stay ahead of the game! Sign up for NARDAC’s quarterly Newsletter - https://lnkd.in/gyzetMx8 In this edition: 💡 Insuring battery storage projects... 💡 Liability risks in US solar that you may be missing... 💡 The insurance considerations for onshore wind repowering... 💡 And how funds under financial pressure can save on insurance for operational assets. Essential reading to stay informed! https://lnkd.in/gyzetMx8 #breakingnews #batterystorage #onshorewind #repowering #solar #cleanenergyinsurance
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We’re thrilled to announce that NARDAC Managing Partner, Jatin Sharma, has been shortlisted for The Insurer’s Program Manager Awards in the Rising Star category! Led by Jatin, NARDAC has come a long way since its founding in September 2020, and its growing team is continuing to pioneer new approaches to binding and broking clean energy assets. Best of luck to all finalists, we’re in some great company. The full shortlist can be found, here: https://lnkd.in/euVxeykr https://lnkd.in/euVxeykr
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Register now for our newsletter providing insights into the latest key insurance and industry topics. https://lnkd.in/gyzetMx8 In our latest edition - published next week - we will be looking at: 🔆 The repowering renaissance in onshore wind 🔆 How insurance can help asset owners under financial pressure 🔆 How to secure quick and easy liability coverage for your solar projects. 🔆 And finally, a video interview with Dr Tom Harries discussing how BESS developers and operators can work with insurance partners to secure enhanced premiums and deductibles. #cleanenergyinsurance #batterystorage #communitysolar #repowering #insurance #renewables #energytransition #solarinsurance #windinsurance #sustainableenergy.
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Kudos to Marshall Nadel, NARDAC Advisory Board Member, and the wider "Wind Force" team for their fundraising efforts today! We are sure he will be very sore in San Diego this week for RiskWorld. Bike MS is a fundraising ride that changes the world for people affected by multiple sclerosis. MS is a devastating, unpredictable disease. Every mile they pedal and every dollar they raise brings us closer to a world free of MS. To make a donation, visit: https://lnkd.in/g-dYZHzk
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