Our main objective is to offer appropriate coverage, supported by our expert skills in engineering and underwriting for this type of industry.
Within a country’s economy, the generation and supply of electric energy plays a very important role. ACE Insurance has the necessary capacities to offer coverage to the assets of Power Generating companies in the event of possible property loss and/or material damages as well as the associated profit loss. Additionally, ACE Insurance has one of the greatest global capacities to cover operational risks in the oil and gas industries (upstream), petrochemical, chemical, paper and cellulose industries.
ACE Energy - All Risk material damage is a type of coverage designed to protect against property damage and consequential losses (profit loss) associated to the unforeseen events that can occur in companies involved in the aforementioned activities.
The product is targeted to companies involved in the generation, distribution, and transmission of energy, as well as petrochemical, chemical, and other companies related to insurable activities under the category of ENERGY. Our business lines are:
- Power Plants:
- Hydroelectric Generation
- Thermal Generation
- Wind Generation
- Solar Generation
- Oil and Gas:
- Refineries
- Petrochemical
- Gas Pipelines
- Oil Pipelines
- Chemicals
- Paper and Pulp
- Energy-related constructions
Our products are available for direct insurance and reinsurance.
We offer coverage for personal property and real estate, as well as profit loss associated in the “All Risk” format, including but not limited to fire and related, earthquake, electronic equipment, machinery breakage, theft, profit loss due to machinery breakage, profit loss for property loss excluding theft and electronic equipment, Strikes, Mutiny, Civil or Popular Commotion, malicious acts by third parties, and Terrorism.