Chartis, a property and casualty and general insurance firm, has raised the construction project capacity from $100m to $125m, for the projects from its global marine and energy division.
According to Chartis, the increased capacity will be available on a global basis for any one risk in the energy, alternative energy and manufacturing sectors, as well as a wide range of CAR (construction all-risk) risks.
Chartis Global Marine and Energy Property president Robert Kuchinski said that Chartis created centers of excellence (COE) in key areas around the world to bring maximum underwriting authority closer to clients and brokers.
The managers to head the COE teams include Alf Mueller in london; Dorian Grey in Miami; Robert Rokicki in New York; Alessandro Cerase in Dubai and David Chew in Singapore.
Chartis Worldwide Construction product line manager Alf Mueller said that in addition to the leadership role of EAR (erection all-risk) risks in areas such as power generation, oil refining, gas processing, chemicals and process industries, the company offer this increased capacity to a wide base of CAR risks as well.
"These risks range from conventional buildings to more complex structural projects, including the world’s tallest buildings, bridges, airports and civil engineering infrastructure projects such as large hydroelectric power dams," Mueller said.