Zurich Global Energy has announced the expansion of its market capacity for power generation businesses. Effective May 1, the unit will increase line size to $250 million from its previous $100 million capacity for the power generation segment of the unit's onshore property line of business.
‘As we expand into alternative and renewable markets, particularly in the areas of wind and solar, this increased capacity will enable our energy specialists to remain responsive to the changing needs of both customers and brokers,’ says Rick Gibbons, president of Zurich Global Energy.
This new capacity will be available globally through the Zurich Global Energy network of regional offices in North America, Europe, the Middle East, Asia Pacific and Latin America.
Zurich Global Energy provides property and casualty risk solutions for companies involved in the oil and gas, petrochemical, refining, mining, power generation and utility markets.
SOURCE: Zurich Global Energy