Endurance unveils new environmental liability products
Endurance Specialty has unveiled a series of environmental liability insurance products offered by Endurance Global Risk Solutions, which offer both primary and excess coverage for single sites and property portfolios.
One such product is the site environmental impairment liability product, which provides eight coverage options and can be purchased individually or together in an environmental liability programme.
Other products include an owner-controlled insurance programme providing environment liability coverage for new development, as well as a new excess environmental product.
Headed by Michael Chang, chief executive officer of Global Risk Solutions, the platform includes environmental liability and is initially focused on the real estate and hospitality, financial institutions and professional services industries in the US.
Josh Pillion, senior vice president and environmental product leader, said: "We have developed a state-of-the-art site specific environmental liability product with one of the broadest forms in the marketplace.
“Further, we are the only market in the environmental insurance space that is focused specifically on industry verticals and can provide an integrated multi-line solution to our client base.
“Our specialists have deep technical knowledge of environmental exposures specific to these industries and can tailor our broad coverage options to the unique needs of each client."
Chang added: "With our new Global Risk Solutions platform, Endurance has built a holistic service model offering a broad range of products to clients in the industries where we have deep expertise.
“We are extremely pleased to add new environmental coverages, complementing the current suite of Endurance products and further enhancing our multi-line capabilities.
“With a combination of industry specialists and product expertise, we bring to each account dedicated underwriting, loss control and claims resources that truly understand and can address the exposures unique to our clients."
