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Traditional Energy Solutions for Large Accounts

ACE provides specialized casualty alternative risk products tailored to help mid to large size companies in the energy industry manage and finance their cost of risk.  Staffed by a team of specialized underwriters, ACE Risk Management Global Casualty is positioned as a leading market provider.  ACE Risk Management Global Casualty's energy team, centralized in Houston, Texas, is keenly aware of the unique needs of energy-related risks and combines this expertise to develop tailored cash flow programs.

Benefits:

  • Underwriting expertise
  • Risk-bearing appetite
  • Program options and creativity
  • Claims capabilities
  • Global and multi-line capabilities
  • High service standards
  • Relationship focus
  • Financial strength of ACE USA, consistently high ratings for financial strength from the industry's principal rating agencies
  • Global reach as part of the ACE Group, a global network of affiliates and partners providing products in more than 150 countries around the world

Coverage:

  • Workers Compensation
  • General Liability
  • Automobile Liability

Minimums

  • $150,000 or greater for Workers Compensation (WC)
  • $250,000 or greater WC Self Insured Retention (SIR) or Texas Excess Employers Indemnity
  • $25,000 or greater for General Liability (GL) and Automobile Liability (AL)
  • Guaranteed Cost considered for incidental GL and AL exposures
  • Minimum deductible/retentions may vary subject to underwriting and program structure review

Limits

(per claim or per occurrence and aggregate if desired)

  • Statutory Capacity - WC (admitted)
  • Up to $10 million - Excess Workers Compensation and Texas Employers Indemnity (non-admitted)
  • Up to $5 million – GL and AL
  • Limits available are subject to underwriting and program structure review
  • Additional capacity may be available subject to underwriting and program structure review
  • Additional capacity may be available through the ACE Financial Solutions team, subject to coverage, risk appetite, and program structure

Client Profile

  • Oil & Gas
  • Exploration & Production
  • Utilities & Power (electric, gas and water)
  • Petrochemicals
  • Ethanol Plants
  • Mining
  • Refining
  • Pipelines
  • Public and privately held companies
  • Companies with strong financial histories or strong growth opportunities
  • Companies with established or prospective risk retention appetites
  • Companies with 30 percent or greater exposure categorized as energy
  • Companies with established health, safety, and environmental programs and/or catastrophe response programs

 

Insurance provided by ACE American Insurance Company, ACE Fire Underwriters Insurance Company, ACE Property & Casualty Insurance Company, Indemnity Insurance Company of North America, Philadelphia, PA, and, in some jurisdictions, other insurance companies within the ACE Group. The product information above is a summary only. The insurance policy actually issued contains the terms and conditions of the contract. All products may not be available in all states. Surplus lines insurance sold only through licensed surplus lines producers.