NEW YORK - Tuesday, June 19th 2012 [ME NewsWire]
(BUSINESS WIRE)-- The Chartis insurers announced today that it increased its Commercial Property per-risk capacity to $1.5 Billion on a worldwide basis.
This level of capacity had previously been available to Chartis’ North American domiciled clients, underwritten by Lexington Insurance Company. The increased global capacity now supports all clients with Large Limits/Highly Protected Risks coverage needs, regardless of domicile.
“This additional capacity demonstrates the Chartis insurers’ commitment to best serve our Commercial Property clients in every jurisdiction where we do business,” said George Stratts, President, Global Property for Chartis. “With our global footprint, financial strength and established leadership in captive management and multinational programs, we are in an excellent position to provide competitive solutions to both large single location and multinational clients.”
Offered on a per-risk basis, this market-leading capacity is available to clients across a broad array of commercial occupancies including healthcare, manufacturing, real estate, public authorities, retail and higher education. Combined with Chartis’ extensive risk management services, loss prevention engineering and claims expertise, this new capacity affords clients a comprehensive approach to protect high value commercial property assets.
Carol Barton, Head of Global Commercial Property for Chartis added: “This new capacity and market leading property coverage strengthens and complements the Chartis insurers’ suite of casualty, specialty, and financial lines products available to this class of business.”
Chartis’ Commercial Property solutions are supported by a full suite of risk mitigation and engineering services. These services are designed to address policyholders’ risk management, loss prevention, and loss control engineering needs. Additionally, clients have the option to purchase custom designed engineering programs.
For more information on the Large Limits/Highly Protected Risks capability, please contact Lou Frascotti, Product Line Executive for Large Limits/Highly Protected Risks at louis.frascotti@chartisinsurance.com or your local Chartis underwriter.
About Chartis
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.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website athttp://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.
Contacts
Chartis
Selena Morris,
212-458-6256
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