ACE, the US based retail operating division of the ACE Group, has formed a specialized underwriting unit to meet the insurance needs of the renewable energy sector.
Part of the ACE Casualty Risk Division, the Renewable Energy Unit will introduce ‘one stop shopping’ with a coordinated package of ACE property and casualty products tailored to the needs of renewable energy companies, according to the company.
With the creation of this new underwriting unit, brokers and clients can access a suite of ACE renewable energy solutions through the energy underwriting specialists in their regions.
Mitchell Schmidt, senior vice president and national manager of ACE Custom Casualty, said: “Given the increased demand for traditional and non-traditional energy sources, and a more environmentally conscious marketplace, we’re pleased to introduce a dedicated Renewable Energy Unit with the expertise to create tailored solutions for this critical market.
”This unit will enhance ACE’s existing energy offerings by providing a fully coordinated package of energy-related products and services. The package now also features options for property, casualty and errors & omissions insurance, as well as a full range of health, safety and environmental consulting services offered through ESIS, ACE Group’s risk management services company.”
Meanwhile, ACE USA has appointed Darren Small as vice president, national renewable energy underwriting manager, to lead the newly-formed unit. Mr Small is based in Chicago, Illinois, and reports to John Moore, vice president and national energy underwriting manager at ACE Custom Casualty.
Mr Small will have overall underwriting authority for the entire ACE renewable energy book of business.
Prior to this Mr Small was from the Chubb group of companies, where he most recently served as assistant vice president and Worldwide Bio-fuels underwriting manager.