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 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 (NYS: 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 atwww.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 (NYS: 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
KEYWORDS: United States North America New York Pennsylvania
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