Zurich Expands Global Market Capacity for Power Generation

Zurich’s Global Energy group has expanded its market capacity for power generation business. Effective May 1, 2010, the unit will increase line size to $250 million from its previous $100 million capacity for the power generation segment of the unit’s Onshore Property line of business.

This is the latest development in Global Energy’s growth plan for 2010. The unit previously announced an expansion of Onshore Property operations in the Western US and Latin America.

This new capacity will be available globally, through Global Energy’s network of regional offices in North America, Europe, the Middle East, Asia Pacific and Latin America.

Zurich’s Global Energy group provides property and casualty risk solutions for companies involved in the oil and gas, petrochemical, refining, mining, power generation and utility markets.

Source: Zurich