Chartis Increases Construction Project Capacity to $125 Million

NEW YORK - Friday, January 28th 2011 [ME NewsWire]

(BUSINESS WIRE)-- The Chartis insurers today announced an increase, from $100 million to $125 million, in net and treaty capacity for construction projects from the Global Marine and Energy Property unit of its Global Marine and Energy Division. This capacity will be available on a global basis for any one risk in the energy, alternative energy and manufacturing sectors, as well as a broad range of CAR (construction all-risk) risks.

“The increased capacity reflects our strong commitment to serving the needs of our clients worldwide,” said Robert Kuchinski, President of Global Marine and Energy Property. “In addition, we have created Centers of Excellence (COE) in key areas around the world to bring maximum underwriting authority closer to our clients and brokers.”

The Construction COE teams will be headed by the following COE managers in the worldwide locations listed below:

Alf Mueller


London

Dorian Grey


Miami

Robert Rokicki


New York

Alessandro Cerase


Dubai

David Chew


Singapore

Alf Mueller, Worldwide Construction Product Line Manager, said, “In addition to our leadership role of EAR (erection all-risk) risks in areas such as power generation, oil refining, gas processing, chemicals and process industries, we are pleased to offer this increased capacity to a wide base of CAR risks as well. These risks range from conventional buildings to more complex structural projects, including the world’s tallest buildings, bridges, airports and civil engineering infrastructure projects such as large hydroelectric power dams.”

For more information regarding Global Marine and Energy Property’s construction capabilities, please contact Robert Kuchinski at rob.kuchinski@chartisinsurance.comor 212-458-5964.

About Chartis

Chartis is a world leading property-casualty and general insurance organization serving more than 45 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.

Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
Contacts

Chartis

Marie Ali, 212-458-2536