Specialist broker Waveney Energy relocates sales team to OrbisEnergy

The team at specialist energy insurance broker Waveney Energy which has moved into OrbisEnergy to be

The team at specialist energy insurance broker Waveney Energy which has moved into OrbisEnergy to be at the heart of the energy industry in Lowestoft. - Credit: Archant

Specialist energy sector broker Waveney Energy has relocated its sales team to the OrbisEnergy building in Lowestoft.

The firm, part of Norwich-based Waveney Insurance Brokers, previously had a Lowestoft office in Bevan Street East. At OrbisEnergy, it is located alongside a number of firms from the renewable energy sector, in which it is currently gaining customers alongside its established client base in oil and gas.

Waveney Energy deals with high-risk insurances worldwide and is involved in all areas of the energy industry, from seismic and geophysical exploration to the manufacture, construction and installation of offshore structures.

Managing director Richard Hartley said many clients already had offices in OrbisEnergy so it was the “natural choice” for the company.

“We see renewable energy as one of the most exciting areas for growth over the next few years,” he said. “Being in Orbis puts us right at the heart of the next wave of offshore wind activity and also underlines our commitment to the east coast.”

Waveney energy joins 25 other companies with staffed offices and 41 virtual tenants in OrbisEnergy. As well as 3,300sq m of offices, meeting rooms and conference facilities, the five-storey building also offers an offshore renewables business network, including access to finance and investment.

Johnathan Reynolds of OrbisEnergy said: “We’re delighted that Waveney Energy has chosen OrbisEnergy as its new base, and they see the clear benefits we can offer in supporting to support their team in expanding and exploring new markets.”

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“Lowestoft is at the heart of the region’s offshore wind industry with a growing number of companies speaking with us seeking to move into OrbisEnergy following the positive progress of the East Anglian Offshore Wind and Galloper projects being developed off our coast, as well as growing opportunities in offshore gas, decommissioning and ongoing operations and maintenance of offshore assets and infrastructure in the Southern North Sea.

“We look forward to working with Richard and his team at Waveney Energy over the coming months as they grow and expand.”

Waveney Energy’s clients include a number of “big name” energy businesses, many with overseas operations. A key part of its expertise is contractual obligations and specialist cover.

“Access to specialist underwriters means we have been able to write complex and highly technical energy risks, in various currencies and often with exclusive terms,” said Mr Hartley.

“Few provincial brokers tend to have the chance to work with overseas businesses. That experience is usually only possible in big London brokers and then only in specialist areas.

“We have also built an enviable reputation for attention to detail and in-depth knowledge of the highly unusual contractual liabilities often found in the energy sector.

“We have also seen a large number of fledgling businesses – often “one-man band operations” - grow into multi-national companies.”