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28-04-2010 15:00:00

Zurich Expands Its Global Energy Appetite for Power Generation Business

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Zurich’s Global Energy group today announced the expansion of its market

capacity for Power Generation business. Effective May 1, 2010, 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. This increased capacity will enable Zurich to respond

to customer needs with innovative and unique solutions.

This is the latest development in Global Energy’s aggressive growth plan

for 2010. The unit previously announced an expansion of Onshore Property

operations in the Western US and Latin America.

“We are seeing an increased need for capacity due to new growth, plant

expansion and new technologies in the utility markets,” said Mario

Vitale, CEO, Global Corporate for Zurich. “With this increase in our

Power Generation capacity, Zurich is well positioned to attain a

leadership role in the market. Combined with the depth and breadth of

specialized energy experience of our underwriters and risk engineers, we

can better address the unique needs of this dynamic energy segment.”

This new capacity will be available globally, through Global Energy’s

network of regional offices in North America, Europe, the Middle East,

Asia Pacific and Latin America.

“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,” said Rick Gibbons, president of Global Energy

for Zurich. "We can respond with the risk transfer options that best

suit each individual risk. This is significant in a market that is

experiencing unprecedented change due to new technologies and a drive to

‘go green.’”

Zurich’s Global Energy group provides property and casualty risk

solutions for companies involved in the oil and gas, petrochemical,

refining, mining, power generation and utility markets. For more

information about Zurich's Global Energy business, go to http://www.zurichglobalenergy.com.

About Zurich

Zurich in North America is a part of Zurich Financial Services Group

(Zurich), an insurance-based financial services provider with a global

network of subsidiaries and offices in North America and Europe as well

as in Asia Pacific, Latin America and other markets. Founded in 1872,

the Group is headquartered in Zurich, Switzerland and employs

approximately 60,000 people serving customers in more than 170

countries, including more than 9,500 employees in North America.

Zurich was the first overseas insurer to enter the U.S. market in 1912.

According to Highline Data LLC (NAIC 2008), Zurich in North America (www.zurichna.com)

is the second-largest writer of commercial general liability insurance

and the fourth-largest commercial property-casualty insurance company,

serving the global corporate, large corporate, middle market,

specialties and programs sectors. Zurich's risk engineering services in

the United States are provided by Zurich Services Corporation.

Zurich

Jennifer Nowacki

(847) 605-6511 – office

(847)

275-4428 – cell (at RIMS)

jennifer.nowacki@zurichna.com

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Jeg har lige svaret på et spørgeskema om dette og hint i forhold til EI. Jeg synes EI var fedt engan..
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