NEWPORT BEACH, CA -- (Marketwire) -- 07/29/10 -- GCube Insurance Services, Inc., the leading global insurer of renewable energy technologies, announced today that John McLane has joined the company as Senior Vice President.

Mr. McLane will be responsible for growing GCube's renewable energy business held by utilities and independent power producers. With over 30 years in the industry, John has worked on all facets of insurance programs, captives, finite risk, self-insurance plans, owner-controlled insurance programs, traditional property and casualty brokerage and contractual risk transfer supporting clients in power generation.

"We are very excited to have John join the team and expand our business development and strategy efforts with utilities as he brings extensive experience working with the power generation industry. We look forward to demonstrating our value and expertise to this particular sector of the market and know that John has the reputation and respect in the industry to lead this initiative," said Pat Stumbras, Executive Vice President of GCube.

"GCube has worked very hard to set the standard for insuring renewable energy risks. I have worked with GCube on numerous occasions to insure clients' risks and I am very excited to join the team. I firmly believe we are at a pivotal point in the global economy and the development of our energy infrastructure and are seeing a reduced role for fossil fuels. With 20 years experience insuring renewable energy projects, GCube is a leading facilitator in this transition. GCube CEO, Mike Bernay, Pat and the whole GCube team have laid a great foundation for success and it will be my goal to expand and strengthen their efforts," said John McLane on joining the company.

Most recently as partner at Iridium Clean Energy, John lead the renewable energy and clean technology practice where he was responsible for setting renewal and marketing strategies, establishing service plans for power generation and clean energy accounts and developing relationships with the markets and underwriters active in the energy industry.

Previously, John was a Senior Vice President at William Gallagher Associates (WGA) serving as Energy Group Practice Leader where he led a team of specialists with property, casualty, professional liability and environmental coverage expertise. Prior to joining WGA, John was the Power and Utility Practice Leader at Marsh, placing over $1 billion in premium volume within more than 100 markets in the US, London and Bermuda.

"McLane's move to the GCube New York office is the second addition in recent weeks as Tim Kinsella joined the company as Senior Vice President to lead the solar energy practice. Both will bring a wealth of experience and insight to the organization as we continue to expand our presence in the renewable energy marketplace," said Pat Stumbras.

GCube is the leading insurer of renewable energy technologies for wind, solar, biofuels, wave and tidal projects around the globe. Our specialized focus and robust underwriting authority offers unparalleled property and liability insurance coverage for all construction and operational risks. With over 20 years experience in the renewable energy sector, we understand the unique exposures of these power generation projects and assist our clients to identify, quantify and mitigate risk efficiently and economically while helping them achieve their business objectives. Visit our website at www.gcube-insurance.com to learn how we can support your insurance coverage needs.