ACE Releases Report Examining Risk Management Strategies for Renewable
PHILADELPHIA -- December 20, 2012
ACE USA, the U.S.-based retail operations of the ACE Group, today announced
the availability of a new white paper exploring the insurance and risk
management issues facing the renewable energy industry during new project
development. This new report explains the importance of effective and
proactive risk management strategies, throughout a project lifecycle.
“Renewable Energy: the Right Risk Partner Makes the Difference,” was authored
by Darren Small, Vice President and Underwriting Manager, ACE USA National
Custom Casualty Energy. “As renewable energy sources continue to play an
increasingly significant role in producing sustainable energy for the world’s
use, our goal is to provide risk management guidance and seamless insurance
coverage throughout a project’s lifecycle. This paper addresses the crucial
steps in appropriately identifying, managing, controlling and transferring
risk, and partnering with experts to manage emerging renewable energy risks
right from the planning stage, through construction and into the operational
phase,” said Mr. Small.
The paper also provides information on the current growth of renewable and
alternative energy sources such as wind, solar, biofuels and biomass, waste to
energy and hydro projects. According to Mr. Small, “there is no shortage of
risks in renewable energy. As renewable sources continue to grow, recognizing,
defining and dealing with renewable energy risks will remain a priority. With
the right risk partner, renewable projects can achieve comprehensive risk
management and seamless risk transfer which will help facilitate successful
project rollouts and support long-term production continuity.”
To access the report, please visit our website. The material presented in this
report is not intended to provide legal or other expert advice. It is
presented as information only. Readers should consult legal counsel or other
experts, as applicable, with any specific questions they may have.
ACE Renewable Energy, part of ACE USA, specializes in property and casualty
insurance products for small, mid-sized and large energy companies, and
understands the unique needs of traditional and renewable energy-related risks
and can respond with tailored solutions, from alternative risk cash flow
programs to comprehensive multi-line packages. For more information please
visit our website.
Insurance is provided by insurance companies within the ACE Group. All
products may not be available in all jurisdictions. The product information
above is a summary only. The insurance policy actually issued contains the
terms and limits of the contract.
ACE USA is the U.S.-based retail operating division of the ACE Group, headed
by ACE Limited (NYSE: ACE), and is rated A+ (Superior) by A.M. Best Company
and A+ (Strong) by Standard & Poor’s. ACE USA, through its underwriting
companies, provides insurance products and services throughout the U.S.
Additional information on ACE USA and its products and services can be found
at www.acegroup.com/us. The ACE Group is one of the world’s largest multiline
property and casualty insurers. With operations in 53 countries, ACE provides
commercial and personal property and casualty insurance, personal accident
supplemental health insurance, reinsurance, and life insurance to a diverse
group of clients. ACE Limited, the parent company of the ACE Group, is listed
on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500
index. Additional information can be found at: www.acegroup.com.
ACE North America Communications
Carla Ferrara, 215-640-4744
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