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Chartis Increases Upstream/Offshore Energy Property Capacity to $200 Million
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NEW YORK – August 10, 2010 – Chartis today announced an increase, from $150 million to $200 million, in underwriting capacity from the Oil Rig unit of its Global Marine and Energy Division. This substantial increase highlights the Chartis insurers’ commitment to offer a broad range of insurance protection to the upstream and offshore segment of the oil and gas extractive industries worldwide.

"Chartis has been a leading provider of Offshore Energy insurance for more than 35 years, and this increase in capacity enables us to continue our support for a vital segment of the global economy," said Dorian Grey, President of Oil Rig. “Our increased capacity will be used to continue to deliver on our mandate to provide reliable capacity and underwriting leadership.”

In addition to its increased underwriting capacity, Oil Rig offers the following:

  • Dedicated specialist teams in London and Houston, with access available through numerous Chartis offices across the globe;
  • Flexible risk management and risk transfer solutions tailored to clients’ needs;
  • Worldwide claims, loss control and engineering capabilities; and
  • Access to the Global Marine and Energy network.

For more information regarding Chartis’ Oil Rig capabilities, please contact Dorian Grey, President of Oil Rig, at dorian.grey@chartisinsurance.com or 786-777-7518; or Susan Swails, Executive Vice President of Oil Rig, at susan.swails@chartisinsurance.com or 44-207-954-8885.

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 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.

Marie Ali