Ariel Re Supports Ecogensus With Innovative Performance Guarantee Insurance
Long-term output performance guarantees and equipment warranty available for comprehensive enterprise risk management program
Ariel Re, a global (re)insurer with offices in
Through its Lloyd’s Syndicate 1910, Ariel Re provides insurance coverage to backstop comprehensive performance guarantees for Ecogensus’ recyclers, which process solid waste into high performance biofuels. The insurance coverage puts the strength of Ariel Re behind the performance guarantees for Ecogensus’ processing capacity and fuel specifications.
In addition to the performance warranty, Ariel Re and Ecogensus have also developed a project revenue protection program, which is structured to support debt lenders and based on an up-to-10-year facility level output performance warranty (“OPW”). The OPW program can be coupled with a facility start-up guarantee, which provides a seamless enterprise risk management solution.
“With a growing need for advanced technology to address significant environmental issues, including methane release and ocean plastic pollution, the global market will benefit from product offerings by Ecogensus,” said
Ends
About Ariel Re:
Ariel Re offers a broad range of innovative insurance and reinsurance solutions and services through our offices in
Originally founded in 2005, Ariel Re was acquired by
About
Ecogensus is a recycling technology company that has developed useful products (such as sustainable building materials or high performance biofuels) from waste. Ecogensus recycler systems offer market-leading waste processing capacity in a ruggedized, mobile system that can be placed at existing waste sites. For more information, please visit www.ecogensus.com
src="https://cts.businesswire.com/ct/CT?id=bwnewssty=20220421005597r1sid=acqr8distro=nxlang=en" style="width:0;height:0" />
View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005597/en/
Media
[email protected]
+44 7843 076556
Ariel Re Contact Information:
Email: [email protected]
Email: [email protected]
Website: www.arielre.com
Tel: 441-295-5485
Source: Ariel Re
Spot Pet Insurance Creates a Star-Studded 2022 Digital Marketing Campaign Using Cameo for Business
Rates Rise By As Much As 111% During Florida’s Ongoing Insurance Crisis
Advisor News
- More than half of Gen X investors support parents or children
- Year-end Roth IRA conversions: What you need to know before the deadline
- Debt is limiting American retirement savings
- How starting a conversation with a stranger is like dating
- Why your clients might face higher taxes in retirement
More Advisor NewsAnnuity News
Health/Employee Benefits News
- Pay first, deliver later: Some women are being asked to prepay for their baby
- Employer Group Medicare Advantage Membership Trends by Mark Farrah Associates
- IBX and Penn Medicine have early agreement on reimbursement rates starting next July
- Long-term care: A view from the states
- Priority Health and Physicians Health Plan of Northern Indiana Complete Acquisition to Foster Innovation and Improve Access to Care
More Health/Employee Benefits NewsLife Insurance News