|[December 20, 2012]
ACE Releases Report Examining Risk Management Strategies for Renewable Energy Projects
PHILADELPHIA --(Business Wire)--
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
"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 maagement 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
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.
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