Chartis Increases Construction Project Capacity to $125 Million

February 24, 2011

The Chartis insurers have increased net and treaty capacity for construction projects from $100 million to $125 million 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.

In addition, Chartis has created Centers of Excellence (COE) in key areas around the world to bring maximum underwriting authority closer to 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

CAR 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.

Source: Chartis

Topics Construction

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