PowerGuard Adds Renewable Energy Veteran

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PowerGuard Specialty Insurance Services announces that Fred Hilsendager has joined the company as vice president. He 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,” says 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 and can be reached at (312) 953-0293 or fhilsendager@powerguardins.com.

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 visit www.powerguardins.com