Advanced Energy Solutions Group

Project Finance Advisory (PFA) Services
Global Marine and Energy's Project Finance Advisory (PFA) unit can provide consulting to clients on issues such as project financing, equity funding, trading, risk finance and political risk. Learn more here.

Cargo Insurance
All Risk Cargo provides coverage for projects as well as manufacturers and suppliers in the alternative and renewable energy sector, including comprehensive insurance protection for goods in transit across the world. We can also provide numerous extensions to coverage such as delay in start up (DSU), domestic movements, and storage or consolidation risks. In addition, we can also offer worldwide master policies including locally admitted policies as required.

Property Insurance
Comprehensive property protection is available for the full range of  alternative and renewable energy risks. Offerings include:
• Construction All Risk, including property damage and delay in start up (DSU)
• Property All Risk, with business interruption and extra expense

Warranty Insurance Offered Through PowerGuard ^TM Specialty Insurance Services*
• Coverage for 5 years with a "toolbox" approach
• Simple Warranty structure to fit individual customers' needs 
• Helps eliminates gaps in cover specifically designed to work with Global Marine and Energy's 
  Windsure^SM and SolarGuard^SM products
• Covers Product Defect, Serial Defect, Noise, Power Curve, Availability
• Parts and Labor "Backstop" available 
• SIR/Deductible buy down options

Primary Casualty Insurance
Customized programs, including Workers’ Compensation, General Liability and Automobile Liability, are provided for projects as well as manufacturers and suppliers in the alternative and renewable energy sector. Flexible coverages are available for risks of any size. Specialty program structures include:
• Guaranteed Cost
• Deductible Plans
• Self-Insured Plans
• Captive Programs

Excess Casualty Insurance
Commercial Umbrella Liability insurance available for projects as well as manufacturers and suppliers in the alternative and renewable energy  sector. Our policy offers:
• Occurrences worldwide
• Time element pollution
• Optional failure to supply
• Limits up to $25 million

*The information contained herein has been compiled from sources believed to be reliable and the information presented herein is believed to be accurate. The above-referenced marketing description is not intended to create any formal business organization of any kind between Chartis and PowerGuard Specialty Insurance Services.  Neither party shall have authority to bind the other or make commitments of any kind for or on behalf of the other party.

PowerGuard^TM and Global Marine and Energy Marketing Alliance Press Release (.pdf)

Increased Capacity For PowerGuard^TM Marketing Alliance Press Release (.pdf.)


PowerGuard^TM Marketing Alliance Product Profile (.pdf)

SolarGuard^SM Concentrating Solar Power (CSP) and Photovoltaic (PV) Product Profile (.pdf)

Windsure^SM Product Profile (.pdf)

Wind Claims and Loss Prevention Case Studies (.pdf)

Biofuels Product Profile (.pdf)


Chartis/PowerGuard^TM Wind Application (.xls)

SolarGuard^SM Concentrating Solar Power (CSP) Application (.xls)

SolarGuard^SM Photovoltaic (PV) Application (.xls)

Advanced Energy Solutions Glossary of Terms (.pdf)

Solar Glossary of Terms (.pdf)

Wind Glossary of Terms (.pdf)

Biofuels Glossary of Terms (.pdf)

Biomass Glossary of Terms (.pdf)


CERES Report: Insurers' Response to Climate Change (.pdf)

With more than 20 years of experience handling alternative and renewable energy claims, our specialists have accumulated the skills and vastly improved the process for analyzing and adjusting these losses effectively and expeditiously.

For more information on how to address your claim please contact:

Property: 
Phone: (212) 458-6562 

Global Marine:
Phone: 877-366-0111

Primary Casualty:
Primary Claims Casualty Eastern Zone:
Phone: 877-399-6442
Fax: 866-797-1077 
 
Primary Claims Casualty Western Zone:
Tel: 877-399-6442
Fax: 866-854-4926 
 
To check the status of an existing claim please contact us:
Primary Claims Eastern Zone: 866-642-5246
Primary Claims Western Zone: 877-802-5246

Excess Casualty:
Excess Casualty Claims:
Fax: 866-743-4376

To check the status of an existing claim please contact us:
Excess Casualty Claims: 866-473-0756

Alongside coverage, we offer customer-focused service that makes a meaningful difference in helping insureds mitigate risk exposure. Our loss control experts are among the most experienced with handling alternative and renewable energy related risks worldwide.

Averaging 25 years of experience across wide-ranging energy disciplines, our engineers are situated locally around the world, speak the local language, understand the local issues, and are well versed in the codes and standards of the jurisdictions in which they operate. They conduct comprehensive risk evaluations and recommend solutions that combine cutting-edge thinking with common sense protocols to mitigate exposures.

Marine Loss Control Engineering (MLCE) - As the eyes and ears of our insureds during the transport process, our experts provide assessments and practical recommendations to help prevent trade and transportation losses and minimize costly project delays. Services we can provide include:

• Conveyance suitability surveys
• Load, stow, and discharge surveys
• Lashing and securing surveys (including all required calculations)
• Trip and tow surveys for barge shipments, including stability calculations
• Inland transit analysis
• Warehouse/ Yard COPE analysis

Global Marine and Energy’s joint marketing alliance with PowerGuard^TM Specialty Insurance Services*, provides comprehensive multi-line insurance and warranty solutions for the entire value chain within the wind and solar segments. These solutions offer OEM's, project developers, and power generation operators the innovation, capacity and expertise to meet their risk challenges and achieve asset performance optimization.

Key Highlights of the Global Marine and Energy – PowerGuard Marketing Alliance

Experience

• Global Marine and Energy and PowerGuard have over 20 years of underwriting experience in the wind and solar energy segments

• Global Marine and Energy insures a wide range of wind turbines by size and manufacturer all over the world including approximately 40% of the operational U.S. wind capacity    

Capacity

• Highly-rated capacity from Global Marine and Energy and Power Guard line slip, led by Ascot syndicate -- one of the original leaders in the market

• Flexibility to offer complete or quota share participation

Product Line Breadth

• Multi-Line approach providing comprehensive insurance solutions from pre-construction planning to post construction operations

• Warranty Insurance offered through PowerGuard Specialty Insurance Services, provides for specialized warranty products, customized warranty forms for individual needs of OEMs, financiers, developers and operators

• Commitment to expertise, research and product development needed for rapidly evolving renewable energy sector

Worldwide Reach

• Worldwide reach providing local expertise and onsite service in 160 countries and jurisdictions

• Extensive claims network with the ability to expedite a return to operation

*The information contained herein has been compiled from sources believed to be reliable and the information presented herein is believed to be accurate. The above-referenced marketing description is not intended to create any formal business organization of any kind between Chartis and PowerGuard Specialty Insurance Services.  Neither party shall have authority to bind the other or make commitments of any kind for or on behalf of the other party.