Nuts & Bolts:
ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has formed ACE Energy, a new retail business unit focusing on 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; and custom and excess casualty lines.
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 also available up to $25 million limit for select classes. Deductibles and sublimits will vary with individual risk characteristics.
ACE American Insurance Co. rated “A+” (superior) by A.M. Best, admitted and Illinois Union, nonadmitted.
Paul O’Neill, (678) 795-4339 or paul.o’email@example.com, or Keith Matth-eessen, (713) 403-3020 or keith.mattheessen @ace-ina.com.
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