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.
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 also available up to $25 million limit for select classes. Deductibles and sublimits will vary with individual risk characteristics.
Carrier:
ACE American Insurance 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, or Keith Matth-eessen, (713) 403-3020 or keith.mattheessen @ace-ina.com.
Was this article valuable?
Here are more articles you may enjoy.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ From This Issue
