GreenieRE
GreenieRE Coalition, Inc. is a Vermont-domiciled captive reinsurer, founded in 2022, that provides reinsurance capacity and surety bonds to insurers, MGAs, brokers, and project developers covering clean energy and emerging climate technology risks that traditional markets decline.
- Company typePrivate
- Founded2022
- Headquarters—
- Headcount1–10
- GTM typeB2B
- OfferingServices
What GreenieRE does
GreenieRE Coalition, Inc. is a privately-held, mission-driven reinsurance company founded in 2022 and structured as a licensed industry association captive domiciled in Vermont. The company provides reinsurance capacity and surety bond products targeting clean energy and emerging climate technology risks that traditional insurance markets decline to underwrite. Its primary go-to-market is partnership-based, working with insurers, managing general agents (MGAs), brokers, and project developers to deliver tailored reinsurance solutions covering solar and storage property, performance guarantees, credit enhancement for renewable contracts, EV resale value, and energy savings guarantees. By 2025 the company reported supporting 38 projects across 11 states, enabling $755M in capital for clean energy projects, with 85.6% of projects located in low-income and disadvantaged communities.
GreenieRE's core products include a Renewable Energy Surety Program launched September 2025 in partnership with United Casualty and Surety Insurance Company (UCS), offering interconnection, decommissioning, performance/PPA, construction, and permit bonds, with first bonds issued for a community solar project in the Midwest. The company also launched Vensurety (Venture Surety) in September 2025 with Trellis Climate and backed by philanthropic capital from Schmidt Family Foundation and Builders Vision, an impact-first surety bond platform for climate tech startups. Supporting capabilities include an MGA Support Services module (reinsurance capacity, compliance tools, quoting/binding tech stack) and broker placement services. The company uses forward-looking risk models combined with engineering and technology expertise to underwrite risks lacking traditional actuarial data, and benefits from technology integrations with kWh Analytics (solar performance risk) and FutureProof (digital insurance platform).
GreenieRE's revenue model relies on reinsurance premiums and surety bond transaction fees, with quote-based pricing and multi-year contracts and no publicly disclosed standard pricing tiers. Distribution is entirely indirect via channel partners (insurers, MGAs, brokers, coalition members) rather than direct-to-consumer sales. Initial capitalization came from Coalition for Green Capital via Greenhouse Gas Reduction Fund proceeds, and the company is governed by a coalition board including representatives from CGC, InnSure, and Marsh Captive Solutions. The leadership team combines specialty insurance pedigree (former Axis Re CEO John Nichols; CUO Michael Scholl from AXA XL/UCS) with renewable energy finance expertise (CFO Wenhua Zhang ex-Swiss Re and Bain Capital).
GreenieRE firmographics
Firmographics- Name
- GreenieRE
- Legal name
- GreenieRE Coalition, Inc.
- Website
- https://greeniere.org
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- GreenieRE Coalition, Inc. is a Vermont-domiciled captive reinsurer, founded in 2022, that provides reinsurance capacity and surety bonds to insurers, MGAs, brokers, and project developers covering clean energy and emerging climate technology risks that traditional markets decline.
- Ownership category
- akta.pro rank
GreenieRE industry classification
Industry- Product category
- Clean Energy Reinsurance
- NAICS
- Environmental Consulting Services (54162)
- SIC
- Surety Insurance (6351), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Energy / Power / Renewables Reinsurance (FSAOADAF)
- akta.pro secondary industry
- Climate Finance Funds & Green Investment Facilities (BPADACAH)
Keywords
GreenieRE business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Reinsurance Premiums: GreenieRE generates revenue through reinsurance premiums, providing capacity to insurers and MGAs covering clean energy and climate technology risks. They operate as a captive reinsurer supporting the clean energy ecosystem.
- Surety Bond Products: Revenue generated through surety bond products including interconnection bonds, decommissioning bonds, performance bonds, and construction bonds for renewable energy projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quote-based pricing for reinsurance and surety products |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
GreenieRE product offering
Product offeringCore offering
GreenieRE is a Vermont-domiciled industry association captive reinsurer that provides reinsurance capacity and surety bond products specifically for clean energy and emerging climate technology risks. The company serves insurers, MGAs, brokers, and project developers through tailored reinsurance structures (quota share, excess of loss, parametric), surety products (interconnection, decommissioning, performance, construction bonds), and credit enhancement solutions that turn emerging clean energy projects into bankable opportunities.
Product overview
GreenieRE is a reinsurance company offering a portfolio of risk-transfer products designed to de-risk and unlock capital for clean energy projects. The core offerings include: (1) Vensurety/Venture Surety - an impact-first surety bond platform for climate tech startups launched September 2025; (2) Renewable Energy Surety Program - a suite of surety products for renewable energy developers covering interconnection, decommissioning, performance, construction, and permit bonds, in partnership with UCS; (3) Property and specialty insurance for solar panels and clean energy equipment; (4) Performance guarantees for emerging climate technology; (5) EV resale value insurance; (6) Energy savings guarantees for HVAC retrofits; (7) Credit enhancement for long-term renewable contracts. Supporting infrastructure includes MGA support services (reinsurance capacity, compliance tools, quoting/binding tech stack) and insurer reinsurance solutions (quota share, excess, collaborative structuring). The company works with insurers, MGAs, brokers, and coalition partners across the energy transition ecosystem.
Differentiator
Problem solved
Functional benefit
Brands
- Vensurety: Impact-first surety bonds platform for climate tech startups, launched in partnership with Trellis Climate and supported by Schmidt Family Foundation and Builders Vision. Provides liquidity support for early-stage climate infrastructure companies.
Products and services
- Vensurety (Venture Surety) An impact-first, tech-expert insurance platform that underwrites surety bonds for climate tech startups, enabling early-stage climate companies to meet contractual obligations without tying up capital in collateral. Backed by philanthropic capital from Schmidt Family Foundation and Builders Vision.
- Renewable Energy Surety Program A suite of surety bond products for renewable energy developers and utility owners covering interconnection bonds, decommissioning bonds, performance/PPA/VPPA bonds, construction bonds, and site lease/permit bonds. Offered in partnership with United Casualty and Surety Insurance Company (UCS).
- Insurer Reinsurance Solutions Tailored reinsurance solutions for insurers including quota share, excess solutions, and collaborative structuring to strengthen balance sheets and expand underwriting capacity for clean energy and complex climate risks.
- MGA Support Services Reinsurance capacity, underwriting support, compliance tools, and tech stack for quoting and binding, helping MGAs build and launch clean energy insurance programs.
- Broker Placement Services Risk-transfer solutions for brokers covering distributed energy, microgrids, storage, and other clean energy projects, providing tailored solutions for treaty, facultative, and specialty placements.
Quantifiable outcome
- Smart risk allocation can reduce global emissions by up to 40% in coming decades while unlocking a market expected to top $1.5 trillion per year
- +4 more outcomes
Companies that use GreenieRE
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
GreenieRE technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
GreenieRE partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and supporting.
- Trellis ClimatecoreCo-development partner for Vensurety venture surety program. Trellis Climate, an impact-first catalytic capital program at Prime Coalition, helps evaluate financial and impact outcomes of the innovation, contributing to governance and impact evaluation.
- United Casualty and Surety Insurance Company (UCS)coreLaunched Renewable Energy Surety Program together, bringing surety products to market for renewable energy developers. UCS shares in risk, provides second underwriting and pricing review, and handles claims. First bonds issued for community solar project in Midwest.
- Coalition for Green Capital (CGC)coreFounding organization and initial capitalization provider (Greenhouse Gas Reduction Fund investment). Board member Greg Randolph serves as Senior Advisor at CGC. Core strategic partner in clean energy finance ecosystem.
- InnSurecoreFounding organization and nonprofit innovation hub catalyzing novel insurance solutions for climate change risk. Board member Christopher Lowell helps run InnSure. Collaboration on creation labs and insurance innovation programs.
- Energetic CapitalcoreFounding organization that helped launch GreenieRE. CEO Jeff McAulay and COO Amy Antczak previously held leadership positions at Energetic Capital. Collaboration on MGA programs and clean energy insurance.
- kWh AnalyticssupportingListed as founding organization and logo partner. Known for solar performance insurance and risk analytics for the solar industry.
- FutureProofsupportingDigital insurance platform mentioned in ecosystem and event context. FutureProof's tools and analytics improve risk assessment and claims management for property insurance, incentivizing adaptation and resiliency.
- New Energy RisksupportingSpecialized insurer mentioned as part of clean energy insurance ecosystem. Company offering tailored products including credit insurance and tax credit insurance.
- Chubb Climate+supportingSpecialized insurer highlighted in Kleinman Center webinar as offering tailored products such as credit insurance and tax credit insurance to support clean technology sector.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
GreenieRE competitors and assessment
Company assessmentDirect peers
- New Energy Risk: Specialized insurer offering tailored products including credit insurance and tax credit insurance for the clean technology sector. Directly comparable to GreenieRE as a specialty clean energy insurance/reinsurance provider targeting emerging technology risks underserved by mainstream carriers.
- kWh Analytics: Solar performance insurance and risk analytics provider and founding partner of GreenieRE. Comparable as a data-driven specialty insurance and risk analytics company serving the solar and clean energy ecosystem, with overlapping customer base of developers and financiers.
- Energetic Capital: Clean energy insurance advisory and program manager and founding partner of GreenieRE. Comparable as an advisor/manager of clean energy insurance programs and MGA support services, with overlapping leadership (GreenieRE CEO and COO previously held leadership roles at Energetic Capital).
Emerging players
- InnSure: Non-profit insurance innovation hub catalyzing novel insurance solutions for climate change risk and founding partner of GreenieRE. Comparable as a mission-driven insurance innovation platform addressing climate risk, with GreenieRE representing a commercial spin-out of InnSure's incubation model.
Others
- Coalition for Green Capital: Non-profit green financing institution and founding partner of GreenieRE, which seeded the captive with Greenhouse Gas Reduction Fund proceeds. Comparable as a mission-aligned capital provider unlocking clean energy deployment, though operating through lending rather than reinsurance.
- Marsh Captive Solutions: World's largest captive insurance manager and GreenieRE board representation (Chelsea Smiley). Comparable as a captive insurance services provider with deep expertise in Vermont-domiciled structures, relevant given GreenieRE's industry association captive operating model.
Broad incumbents
- Munich Re: One of the world's largest reinsurers with growing climate and renewable energy specialty units. Comparable as a major reinsurer with overlapping capacity to underwrite large and complex clean energy risks, though serving a much broader portfolio.
- Swiss Re: Global reinsurer with established renewable energy and climate insurance franchises and GreenieRE CFO's prior employer. Comparable as a major reinsurer offering capacity for large clean energy risks, with greater capital depth but less specialization in underserved emerging technology categories.
- AXA XL: Global specialty insurance and reinsurance division of AXA with renewable energy and climate technology underwriting capabilities. Comparable as a specialty underwriter (and prior employer of GreenieRE's CUO) for complex clean energy risks, with broader portfolio diversification than GreenieRE's mission-focused captive.
- Chubb Climate+: Specialized climate-focused unit of Chubb offering tailored products including credit insurance and tax credit insurance to support the clean technology sector. Comparable as a broad incumbent insurer with a dedicated clean energy product offering that competes for the same risk profiles GreenieRE underwrites through its captive.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
GreenieRE social profiles
Digital presenceGreenieRE financial estimates
Financial estimateRevenue estimate
Valuation estimate
GreenieRE leadership team
Management profileNumber of profiles
Profiles10 records
GreenieRE funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GreenieRE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GreenieRE
What does GreenieRE do?
GreenieRE is a Vermont-domiciled industry association captive reinsurer that provides reinsurance capacity and surety bond products specifically for clean energy and emerging climate technology risks. The company serves insurers, MGAs, brokers, and project developers through tailored reinsurance structures (quota share, excess of loss, parametric), surety products (interconnection, decommissioning, performance, construction bonds), and credit enhancement solutions that turn emerging clean energy projects into bankable opportunities.
Is GreenieRE a public or private company?
GreenieRE is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was GreenieRE founded?
GreenieRE was founded in 2022. It employs 1 to 10 people.
How does GreenieRE make money?
Two revenue lines are on record. Reinsurance Premiums are the primary driver. The others are surety Bond Products.
Who are GreenieRE's main competitors?
Direct peers on record are New Energy Risk, kWh Analytics and Energetic Capital. InnSure is listed as an emerging player. Others are Coalition for Green Capital and Marsh Captive Solutions. Broad incumbents are Munich Re, Swiss Re, AXA XL and Chubb Climate+.
Does GreenieRE have an API?
No public API is recorded for GreenieRE.
What industry is GreenieRE in?
GreenieRE's product category is Clean Energy Reinsurance. Its primary akta.pro industry code is FSAOADAF, Energy / Power / Renewables Reinsurance, with a secondary code of BPADACAH, Climate Finance Funds & Green Investment Facilities. Its NAICS code is 54162 and its SIC code is 6351.