The Chartis insurers today announced that they 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.
George Stratts, President of Global Property, said, “We believe this increased capacity represents yet another component of our industry-leading toolkit, and we are pleased with our enhanced capabilities to provide world-class solutions to our brokers and clients.”
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.