What NARDAC Insurance Services does

NARDAC Insurance Services is a specialty wholesale (re)insurance broker and Managing General Agency (MGA) founded in 2020, focused on placing complex energy, power, renewables, and infrastructure risks. The firm serves retail insurance brokers and their insureds by providing wholesale brokerage, reinsurance intermediary, delegated underwriting, and risk consulting services across the US, UK, European, and Latin American markets. Headquartered in London with US-based client development in Texas, NARDAC operates as a Lloyd's Coverholder and routes business through Amwins' Brokerage, Global Risks, and Underwriting divisions.

The company's core technology includes a proprietary Community Solar online quote, bind, and issuance platform that gives mid-sized operational US solar PV projects direct access to Lloyd's of London capacity via automated mapping-based parameter determination. A broader Lloyd's Coverholder platform supports automated underwriting for retail brokers, and the firm has expanded into MGA programs covering Battery Energy Storage Systems (BESS), Severe Convective Storm (SCS), and Casualty for community solar assets. NARDAC is differentiated by deep engineering-informed underwriting expertise drawn from its team of 25 professionals, including ex-engineers from BAM Nuttall and HS2, and former AIG and Tokio Marine HCC underwriters.

NARDAC monetizes primarily through carrier commissions on wholesale placements, underwriting fees earned under delegated authority from carrier partners, and professional services fees for risk consulting. Contingent income and supplemental commissions based on carrier profitability, premium volume, and growth provide additional compensation streams. The firm does not publicly disclose pricing, and all engagements are quote-based with multi-year contractual relationships. Following Amwins' full acquisition completed in May 2026, NARDAC's services are integrated into Amwins' rebranded Energy, Power and Infrastructure practice, which places more than $1 billion in annual premium across its Brokerage, Global Risks, and underwriting divisions.

Name

NARDAC Insurance Services

Legal name

NARDAC Insurance Services, LLC

Website

https://nardac.com

Company type

Private

Founded year

2020

Operating status

Acquired

Headcount range

11–50 employees

Short description

NARDAC Insurance Services is a London-based specialty wholesale (re)insurance broker and MGA that places energy, infrastructure, renewables, and power technology risks into Lloyd's and US markets for retail insurance brokers, now integrated into Amwins' Energy, Power and Infrastructure practice.

Ownership category

akta.pro rank

Product category

Wholesale Insurance Brokerage (Energy & Infrastructure)

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

Keywords

• Wholesale insurance brokerage
• Reinsurance intermediary
• Managing general agency
• Energy infrastructure insurance
• Specialty risk underwriting

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Wholesale Brokerage Commissions: NARDAC is compensated primarily in the form of commissions paid by insurance carriers for placing wholesale business on behalf of retail brokers and insureds. The company also receives fees paid by clients for risk consulting services.
2. MGA/Underwriting Fees: As a Managing General Agent, NARDAC earns underwriting fees and manages premium placements under delegated authority from carriers. Additional compensation includes contingent income, supplemental commissions based on profitability, premium volume and growth with carriers, as well as employee training and development support from carriers.
3. Risk Consulting Fees: Fees paid by clients for specialized risk consulting services including construction risk management, engineering-informed advisory, and complex infrastructure risk analysis.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

NARDAC operates as a specialty wholesale (re)insurance broker and Managing General Agency placing complex energy, infrastructure, power and renewable energy risks on behalf of retail insurance brokers. Its core services comprise wholesale broking, reinsurance placement, delegated underwriting (MGA), and engineering-informed risk consulting, with proprietary digital platforms enabling direct Lloyd's of London market access for specialty programs such as Community Solar.

Product overview

NARDAC Insurance Services operates as a specialty wholesale (re)insurance broker and Managing General Agency (MGA) focused on energy and infrastructure risks. The company offers a multi-layered service portfolio comprising Wholesale Broking, Reinsurance, Underwriting (MGA), and Risk Consulting services. Key MGA products include Community Solar (an online quote, bind & issuance platform accessing Lloyd's of London for US solar PV projects), Battery Energy Storage Systems (BESS) Cover, and Severe Convective Storm Cover. Following Amwins' full acquisition completed in May 2026, these specialty programs continue under the Amwins Energy, Power & Infrastructure practice operating across US and London markets. The company also provides specialized coverage for wet civils/marine infrastructure, offshore wind, green hydrogen, and renewable natural gas/biogas projects, serving retail brokers seeking access to technical underwriting capacity for complex and converging energy risks.

Differentiator

Problem solved

Functional benefit

Brands

• Community Solar: NARDAC's online quote, bind & issuance system designed to give mid-sized operational solar PV projects in the US access to the Lloyd's of London insurance market.

Products and services

• Wholesale Broking Specialty wholesale insurance broking services placing complex energy, power, renewable energy and infrastructure risks on behalf of retail insurance brokers, providing access to domestic US and London (Lloyd's) market capacity.
• Reinsurance Reinsurance intermediary services facilitating risk transfer between primary insurers and reinsurance capital providers for energy and infrastructure exposures.
• Underwriting (MGA) Managing General Agency (MGA) underwriting services operating under delegated authority from insurers to bind and issue specialty insurance policies for energy and infrastructure risks, including US solar, BESS, and severe convective storm covers.
• Risk Consulting Technical risk consulting services providing engineering, risk assessment, and insurance programme structuring expertise for complex energy and infrastructure projects.
• Community Solar Online quote, bind and issuance system providing mid-sized operational solar PV projects in the US access to the Lloyd's of London insurance market, with proprietary mapping and modelling for casualty liability assessment.
• Battery Energy Storage Systems (BESS) Cover Specialty MGA insurance programme covering battery energy storage system projects, addressing construction and operational risks including equipment failure, thermal events, and business interruption.
• Severe Convective Storm (SCS) Cover Natural catastrophe insurance coverage for severe convective storm events affecting renewable energy and infrastructure assets, providing protection against wind, hail, and tornado damage.
• Lloyd's Coverholder Platform Automated underwriting platform enabling retail brokers to access Lloyd's of London insurance market capacity for US solar PV middle market risks through streamlined binding and issuance processes.
• Wet Civils & Marine Infrastructure Insurance Specialized insurance coverage for port facilities, terminals, tunnels, reclamation works, flood defences, dams, water treatment infrastructure, quay walls, dredging operations, and marine logistics facilities.
• Offshore Wind Insurance Insurance solutions for offshore renewable energy projects including construction and operational risks for bottom-fixed and floating wind installations.
• Green Hydrogen Insurance Specialty insurance coverage for green hydrogen production facilities, addressing construction, operational, and liability risks associated with electrolyser systems and hydrogen infrastructure.
• Renewable Natural Gas (RNG) / Biogas Insurance Insurance solutions for biogas and biomethane production facilities covering feedstock handling, digestate processing, explosion risks, and fugitive emissions.
• Community Solar Casualty Cover Casualty liability coverage for rooftop and ground-mounted solar installations under the Community Solar platform, including third-party property damage, wildfire liability, contractor-related incidents, and business interruption.

Quantifiable outcome

• $1 billion+ annual premium placed through combined Amwins Energy, Power & Infrastructure practice
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• TWAICEcoreStrategic or Co-development Partner · 1 January 2024TWAICE and NARDAC announced a partnership to improve insurance terms for battery storage projects by launching a joint whitepaper highlighting key opportunities for risk reduction in battery storage project commissioning and operations. The partnership combined TWAICE's battery analytics technology with NARDAC's underwriting expertise to advance data-driven insurance solutions for BESS assets.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Howden Group: Howden is a London-headquartered specialty insurance and reinsurance broker with a substantial energy and natural resources practice. It competes head-to-head with NARDAC in placing complex energy and infrastructure risks into Lloyd's and international markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nardac

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NARDAC Insurance Services