Capacity Level Now $1.5 Billion on Worldwide Basis
NEW YORK--(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 firstname.lastname@example.org
or your local Chartis underwriter.
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.
ChartisSelena Morris, 212-458-6256