Advertise
Resources
Member, Beacon International Group, Ltd.
Ironshore Energy Property, a unit of Ironshore Inc., has increased its capacity for energy risks throughout its global platform to $25 million, the Hamilton, Bermuda-based insurer said Tuesday.
The increase is available for all classes within the energy sector including refineries, petrochemical plants, chemical plants, gas plants, pipelines, terminals, mining risks, alternative energy, power utilities, basic metal and pulp and paper facilities, the company said in a statement.
“In response to a rapidly expanding energy sector and Ironshore's increased commitment to the sector through the recent formation of its energy practice group, Ironshore is pleased to announce an increase in energy sector product capacity,” Nigel Jobson, head of global energy property for Ironshore, said in the statement.
“Energy property capacity limits varied amongst the various classes of business," an Ironshore spokeswoman said. "This increased capacity will now level out available coverage limits across all lines.”