Chartis has increased upstream/offshore energy property capacity to $200m from $150m.

According to Chartis, this increase in underwriting capacity will allow it to offer a range of insurance protection to the upstream and offshore segment of the oil and gas extractive industries in the market.

Dorian Grey, president of Oil Rig, said: “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.

“Our increased capacity will be used to continue to deliver on our mandate to provide reliable capacity and underwriting leadership.”

Chartis is a property-casualty and general insurance organization serving more than 45m clients in over 160 countries and jurisdictions.