Towards Carbon Neutrality: Offshore Wind Market Conditions & Risk Exposures (Part 2/3)

The first part of this series entitled “Towards Carbon Neutrality: Offshore Wind, the basics for the next generation” is available on the channel and we encourage everyone to listen to it, if you want to know more on the fundamentals and how offshore wind energy works. 

On today’s discussion, GQ, Lionel and Xingang, our three SCOR experts, will discuss the differences of logistics, processes and legislation, but also will go over progress in each of their market (EMEA, APAC, Americas) and how they compare the markets progress. In this episode, they will highlight the different risk exposures including Nat Cat exposure among the three regions.

GQ Xu is New Energy Practice Head, based in London. After obtained PhD degree in Geotechnics in 2007 from University of Nottingham, GQ started his career as an offshore engineer with various companies with different roles, from offshore geotechnical engineer, senior project manager, principal engineer to head of renewable within a leading certification body. He has worked on various offshore wind farm projects worldwide, including offshore Europe, Taiwan, mainland China, Japan and USA. GQ joined SCOR’s London office in April 2019 as an offshore wind underwriter with responsibility for SCOR’s portfolio of offshore wind farms, and he has recently been promoted as New Energy Practice Head, with overall responsibility to grow SCOR’s portforlio in low carbon sector. He has been elected as co-chair for JRNC Offshore Wind Committee and also member of LMC Renewable Energy Committee, actively involved in drafting the latest insurance clauses for renewable energy.

Lionel Kpoze is a Senior Onshore Construction & Offshore Wind Uderwriter, based in Houston. Lionel graduated from ENSEM (Nancy, France) in 2002 with a Master’s Degree in Engineering specializing in Fluid Mechanics. He also holds a business management degree at IAE-Sorbonne Business School and has completed the Advanced Diploma of the Chartered Insurance Institute. Lionel has 10 years’ experience in the offshore industry first as  Field engineer (Schlumberger, Baker Hughes) on drilling rigs and then as Installation engineer (SAIPEM). He has worked in many places in Africa, the Middle East and the US. He joined SCOR in early 2012 as underwriter for the Energy entity. 

Xingang Zhang is Offshore Renewable Energy Underwriter, based in Singapore. He obtained PhD in engineering. He has over 14 years’ experience in offshore wind industry, worked within a global leading turbine OEM in different roles from offshore wind turbine R&D to project management, holding 100+ patents in wind, and author of three books in offshore wind engineering. Xingang joined SCOR Singapore office in 2021 as underwriter for offshore renewables.