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HARTFORD, Conn.—The Travelers Cos. Inc. has formed a new clean energy and technology practice to provide industry-specific insurance coverages and services to companies involved in various areas of clean energy production and technology.
In a statement, Hartford, Conn.-based Travelers said bringing together the company's existing clean energy and technology practice areas into the new practice will provide a streamlined source of insurance products and risk and claim management resources to businesses focused on alternative or environmentally friendly energy sources or energy efficiency.
The practice will target clean energy businesses in such areas as wind and solar power equipment, contractors, power producers, owners and developers, smart power grid, fuel cell development, and alternative and efficient energy solution providers, Travelers said.
The new practice will led by Kathy Swendsen, president of Travelers Global Technology, and Joe Tracy, president of Travelers Inland Marine. It will be co-managed by Kirstin Simonson, underwriting director for global technology, and Lauren Cutro Berry, underwriting vp for inland marine.