The Chartis insurers increased its Commercial Property per-risk capacity to $1.5 billion on a worldwide basis.
This level of capacity had previously been available to Chartis’ North American domiciled clients, underwritten by Lexington Insurance Company. The increased global capacity now supports all clients with Large Limits/Highly Protected Risks coverage needs, regardless of domicile.
“This additional capacity demonstrates the Chartis insurers’ commitment to best serves our Commercial Property clients in every jurisdiction where we do business,” George Stratts, President, Global Property for Chartis, said.
“With our global footprint, financial strength and established leadership in captive management and multinational programs, we are in an excellent position to provide competitive solutions to both large single location and multinational clients.”
Offered on a per-risk basis, this market-leading capacity is available to clients across a broad array of commercial occupancies including healthcare, manufacturing, real estate, public authorities, retail and higher education. Combined with Chartis’ extensive risk management services, loss prevention engineering and claims expertise, this new capacity affords clients a comprehensive approach to protect high value commercial property assets.
“This new capacity and market leading property coverage strengthens and complements the Chartis insurers’ suite of casualty, specialty, and financial lines products available to this class of business,” Carol Barton, Head of Global Commercial Property for Chartis, added.
Chartis’ Commercial Property solutions are supported by a full suite of risk mitigation and engineering services. These services are designed to address policyholders’ risk management, loss prevention, and loss control engineering needs. Additionally, clients have the option to purchase custom designed engineering programmes.