ACE increases environmental insurance capacity
ACE Global Markets will offer an additional $50 million in environmental liability coverage to global clients after research found the risk to be a major concern in the EMEA region.
“Our research indicates that environmental liability is a key emerging risk concern for companies today and it is a strategic growth area for ACE,” said Matthew Shaw, president of ACE Global Markets. “ACE Global Markets’ expanded capacity demonstrates our continuing commitment to providing wholesale brokers and their clients worldwide with market-leading underwriting solution through our Lloyd’s and London company market platform.”
Coverage options include response to pollution and environmental damage related losses, clean-up costs, expenses, property damage, bodily injury, trespass and nuisance or obstruction from both gradual and sudden accidental incidents.
Emma Bartolo, environmental risk manager, UK and Ireland, said: “Environmental exposures and the liabilities they create for businesses have become increasingly onerous and they now impact many industries more frequently, and to a greater degree. This strengthening of our proposition reflects the changing risk environment we see at ACE and our commitment to working with London market brokers to meet their evolving client needs across the world.”
The announcement follows the recent appointment of Jane Anderson as environmental risk underwriter for ACE’s UK and Ireland region.
