NEW YORK--(Business Wire)--
Chartis today announced the formation of a marketing alliance between its Global
Marine and Energy Division and PowerGuardTM Specialty Insurance Services. The
alliance will leverage Global Marine and Energy`s leadership in the renewable
energy sector worldwide - including underwriting, loss control and claims
expertise for property, cargo and casualty coverages - with PowerGuard`s
warranty product underwriting expertise to offer solutions for the entire value
chain within the wind and solar segments.
The alliance can provide $400 million in property capacity as well as
comprehensive multi-line insurance solutions for OEMs, project developers and
power generation operators.
"The creation of this marketing alliance focuses our combined capabilities to
meet the needs of the rapidly growing solar and wind markets with underwriting,
claims and engineering excellence," said Rob Kuchinski, President of Global
Energy Property, a unit of Global Marine and Energy.
For more information, please contact Tim Kinsella, Senior Vice President and
Group Leader of Advanced Energy Solutions, a unit of Global Marine and Energy at
tim.kinsella@chartisinsurance.com, or Mike McMullen, Managing Principal of
PowerGuard Specialty Insurance Services at mmcmullen@powerguardins.com.
About Chartis
Chartis is a world leading property-casualty and general insurance organization
serving more than 40 million clients in over 160 countries and jurisdictions.
With a 90-year history, 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.
Chartis is the marketing name for the worldwide property-casualty and general
insurance operations of Chartis Inc. For additional information, please visit
our website at http://www.chartisinsurance.com. All products are written by
insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be
available in all jurisdictions and is subject to actual policy language.
Non-insurance products and services may be provided by independent third
parties. Certain coverage may be provided by a surplus lines insurer. Surplus
lines insurers do not generally participate in state guaranty funds and insureds
are therefore not protected by such funds.
Chartis
Marie Ali, 212-458-2536
Copyright Business Wire 2009
