Chartis Increases Construction Project Capacity to $250 Million

July 1, 2011

The Chartis insurers have doubled their capacity for construction projects from the Global Energy Property unit. With this increase in capacity, insureds will now be able to access up to $250 million of PML (probable maximum loss) capacity for construction projects, complementing Global Energy Property’s $250 million capacity for operational energy and manufacturing risks.

Topics Construction

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Latest Comments

  • July 4, 2011 at 12:40 pm
    It gets worse says:
    Funny, I am in marketing for an insurance company and Chartis just quoted 20% less than everyone else in the market place for 3 seperate accounts - just because they know the ... read more
  • July 1, 2011 at 2:02 pm
    Dave says:
    Sure, take on more risk. Why not? It's still owned over 70% by the taxpayers. Why worry about risking their money?

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