SOURCE: PowerGuard Specialty Insurance Services

PowerGuard Specialty Insurance Services

December 06, 2010 12:48 ET

PowerGuard Adds Renewable Energy Veteran Fred Hilsendager

IRVINE, CA--(Marketwire - December 6, 2010) - PowerGuard Specialty Insurance Services -- a Managing General Agent and Lloyds cover holder specializing in unique insurance and risk management solutions for the wind and solar energy industries -- today announced that Fred Hilsendager has joined the company as vice president. 

Hilsendager brings more than 20 years of retail and wholesale brokerage experience, as well as expertise in the design of leading-edge insurance, risk management and warranty solutions for renewable energy companies, with a particular emphasis on the needs of wind turbine manufacturers.

As vice president, Hilsendager will be responsible for working with retail brokers, project developers, alternative energy investors and others across the country to promote and manage new business opportunities for the PowerGuard team. He will be based in Chicago, adding significant experience and depth to PowerGuard's team in the eastern United States.

"Demand for PowerGuard's products and services -- particularly our industry leading PowerCLIPTM warranty solution -- has increased exponentially," stated managing principal Mike McMullen. "Having a top alternative energy professional of Fred's caliber on the ground for us on the east coast will improve our ability to stay ahead of this demand. Fred knows our products extremely well and we are pleased and excited to welcome him to PowerGuard."

Prior to joining PowerGuard, Hilsendager worked for retail broker Holmes Murphy & Associates in Chicago, where he founded and managed their Renewable Energy Division. Earlier in his career, he held a range of production, account management and underwriting positions at wholesale broker Tri-City and retail brokers Willis Group Holdings and the Hobbs Group, focusing on the needs of Fortune 500 accounts that included Merck & Co., Inc., General Electric, Ryobi, Mafco, Inc., and the New York Stock Exchange.

Hilsendager holds Finance and Risk Management degrees from Temple University in Philadelphia.

Fred Hilsendager can be reached at:
PowerGuard Specialty Insurance Services
3215 Justamere Road
Woodridge, IL 60517
312.953.0293 - mobile/office
fhilsendager@powerguardins.com

For more information on PowerGuard, PowerCLIP™and other innovative insurance and risk management solutions for alternative energy companies, please contact Mike McMullen, managing principal of PowerGuard Specialty Insurance Services at mmcmullen@powerguardins.com

About PowerGuard Specialty Insurance Services
PowerGuard is a Managing General Agent and Lloyds cover holder specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies. Its founders and principals have more than 20 years of experience providing innovative products and services to meet the rapidly evolving needs of the energy business. PowerGuard's warranty product -- PowerCLIP -- is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions and private equity firms who invest in them. For additional information, please visit the PowerGuard Web site at http://www.powerguardins.com/

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