Nuts & Bolts: ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, formed ACE Energy, a new retail business unit focusing on the needs of the U.S. energy marketplace.
The business will offer a full suite of property and casualty products for energy related entities, including coverage for: Onshore and offshore oil and gas facilities; Power and utility generating facilities; Inland marine, on a retail basis; High-challenge facilities, such as mining; Custom and excess casualty lines.
Dollars:
Property maximum limit of $50 million. Casualty maximum limit up to $25 million in capacity available. Primary and excess coverage also available. Environmental coverage options also available up to $25 million limit for select classes. Deductibles and sublimits will vary with individual risk characteristics.
Carrier:
ACE American Ins. Co. rated “A+” (superior) by A.M. Best, admitted and Illinois Union, nonadmitted.
States Available:
All.
Contact:
Paul O’Neill, (678) 795-4339 or paul.o’neill@ace-ina.com.Keith Mattheessen, (713) 403-3020 or keith.mattheessen@ace-ina.com.
Was this article valuable?
Here are more articles you may enjoy.
How Insurers Know When It’s Time to Scale AI 
NAIC Victim of Cyber Incident Via PeopleSoft System 
DeSantis Signs Citizens Commercial Clearinghouse Bill That’s Been Called ‘Unneeded’ 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters From This Issue
