SOURCE: GCube Insurance Services, Inc.

GCube Insurance Services, Inc.

April 01, 2011 09:45 ET

GCube Insurance Services, Inc. Expands Underwriting and Business Development Organization

NEWPORT BEACH, CA--(Marketwire - April 1, 2011) - GCube is pleased to announce that Michael Durning and Al Caceres have joined the company, the leading provider of insurance services for the renewable energy sector around the globe. 

Michael Durning joins as Executive Vice President of Client Relations and Business Development while Al Caceres will head up the firm's underwriting practice as Senior Vice President of Underwriting covering all renewables.

"We are extremely happy to have Michael and Al join GCube. They are recognized leaders in the insurance and power generation communities. They will contribute significantly to helping GCube maintain our leadership position in financial services and technical expertise in renewable energy," says John McLane, GCube Insurance Services President. "Michael Durning will be leading our business development team with goal of strengthening and expanding our relationships with brokers and their clients. Al Caceres will be leading our underwriting and account management teams."

Prior to joining GCube, Michael Durning was most recently Vice President with AEGIS Insurance Services where he was responsible for business development, member and broker relations and transmission and distribution line coverage. Previously, Mr. Durning held executive positions with Marsh, as Senior Vice President of Power and Utility, Vice President with NEIL (Nuclear Electric Insurance and Conventional Underwriting) and Vice President of Marketing and Vice President of Underwriting with Hartford Steam Boiler's HSB Energy Division. He started his insurance career with FM Global over twenty years ago. Mr. Durning has Bachelor of Science degrees in Economics and Marketing from West Chester University and completed the Harvard Business School Executive Development Seminar.

Al Caceres was most recently with AEGIS Insurance Services as a Senior Property Underwriter, responsible for underwriting operational and construction projects for power and utility, oil/gas, petrochemical companies and renewable energy projects including wind, solar and ethanol plants. Previously, Mr. Caceres worked at AIG - World Source Property as Assistant Regional Manager and at Starr Technical Risks Agency Inc. as Senior Property Underwriter. He began his career at Marsh as a Risk Analyst in the Power and Utilities Division. Mr. Caceres has a Bachelor of Science in Education from Manhattan College and served in the United States Marine Corps.

Both gentlemen will work in the GCube New York office.

About GCube
GCube is the leading provider of insurance services for renewable energy projects in wind, solar, biofuels, wave, hydro and tidal around the globe. Our specialized focus and robust underwriting authority offers unparalleled property and liability insurance coverage for all construction and operational risks. With over 20 years' experience in the renewable energy sector, we understand the unique exposures of these power generation projects and assist our clients to identify, quantify and mitigate risk efficiently and economically while helping them achieve their business objectives. To learn more about how we can support your insurance coverage requirements, please visit our website at www.gcube-insurance.com

GCube is comprised of GCube Underwriting Ltd, based in London, and GCube Insurance Services, Inc.; headquartered in Newport Beach, CA with offices in New York and Minneapolis.

Contact Information

  • Media Contact
    Kathy McConnell
    VP Of Marketing
    GCube Insurance Services, Inc.
    Email Contact
    949-515-9981 ext 116