Posted on 11 Nov 2011
The Travelers Companies, Inc., which has been offering insurance products and risk management services for clean energy and technology businesses for more than two decades, today announced the formation of its Clean Energy & Technology Practice. This new Practice creates a streamlined source of clean energy and technology-focused insurance products, and risk and claim management resources.
"With Travelers' long experience working closely with clean energy and technology businesses, and as these businesses continue to grow and expand, the Clean Energy & Technology Practice makes it easier for independent agents and brokers to access the breadth and depth of Travelers' products and services," said Joe Tracy, President, Travelers Inland Marine. "The Clean Energy & Technology Practice offers rounded total account solutions. Through a single touch point, customers experience a streamlined process that provides access to a broad spectrum of insurance products and risk management services."
The Practice brings together all of Travelers' existing clean energy and technology practice areas, providing customers, including wind and solar manufacturers, contractors, power producers, owners and developers, smart grid, fuel cell development, alternative and other energy efficient solutions, with industry-specific insurance protection. The Travelers Clean Energy & Technology Practice has extensive capabilities and interest in supporting U.S. entities and their international exposures that focus on technologies that are energy efficient or environmentally friendly.
Interest and demand for clean energy and technology is increasing dramatically in the United States and across the globe.* As a result, these demands have fueled the growth of businesses in the renewable energy industry focusing on technologies that are energy efficient or environmentally friendly.
"Clean energy and technology companies are expanding across the globe, each with a unique risk profile that our underwriters are trained to understand and address," said Kathy Swendsen, President, Travelers Global Technology. "By combining our expertise under one practice, in conjunction with our independent agent and broker network, we help our customers avoid the growing pains of inadequate coverage as their businesses evolve."
The Clean Energy & Technology Practice will be spearheaded by Travelers veterans Tracy and Swendsen, and co-managed by Kirstin Simonson, Underwriting Director for Global Technology, and Lauren Cutro Berry, Underwriting Vice President for Inland Marine. For more information about the Travelers Clean Energy & Technology Practice, visit www.travelers.com/cleanenergy.