Nuts & Bolts:
ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, formed ACE Energy, a new retail business unit focusing on the needs of the U.S. energy marketplace. The business will offer a full suite of property and casualty products for energy related entities, including coverage for: onshore and offshore oil and gas facilities; power and utility generating facilities; inland marine, on a retail basis; high-challenge facilities, such as mining; custom and excess casualty lines.
Dollars: Property maximum limit of $50 million. Casualty maximum limit up to $25 million in capacity available. Primary and excess coverage also available. Environmental coverage options available up to $25 million limit for select classes. Deductibles and sublimits vary with individual risk characteristics.
Carrier: ACE American Ins. Co., rated “A+” (superior) by A.M. Best, admitted, and Illinois Union, nonadmitted.
States Available: All.
Contact: Paul O’Neill, (678) 795-4339 or paul.o’neill@ace-ina.com. Keith Mat-theessen, (713) 403-3020 or keith.mattheessen@ace-ina.com.
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