Specialty insurer Beazley has appointed Teresa Merino as Renewable Energy Regional Manager for Spain & Portugal, with immediate effect.

This strategic move comes as Spain and Portugal pursue ambitious renewable energy targets, driving a growing need for specialised risk management and insurance solutions to support the development of an effective renewable energy infrastructure in the region.

Fred Kleiterp, European General Manager, Beazley, said: “As a specialty insurer we have a key role to play in supporting clients on their transition journey. Teresa’s leadership, combined with her extensive industry knowledge and multilingual capabilities, will be invaluable as we build on our presence in Europe and deliver on our commitment to supporting businesses in an era of accelerating risk.”

Merino is joining the company with over three decades of experience in property underwriting and renewables risk management.

She has previously served at Swiss Re, where she led the reinsurer’s Property and Property Energy teams in Spain, as well as holding senior roles at XL Group and MAPFRE Global Risks.

Ben Sheppard, Underwriter – Renewable Energy, Beazley, commented: “The renewables sector is evolving rapidly, presenting both new risks and immense opportunities. Teresa’s breadth and depth of expertise in property and renewable underwriting will be instrumental in strengthening our offering and supporting clients as they navigate the complexities of this growing market. I look forward to welcoming her to the team.”