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21 May 2012

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Chartis latest to cut back on onshore US excess casualty capacity

2 June 2011

Chartis has become the latest carrier to scale back on excess casualty capacity for offshore energy.

The latest quarterly energy monitor from big three broker Marsh said that Chartis has reduced its global, per-risk line size by $75mn from a combination of its Chartis, Cat Excess and Lexington channels.

The broker said Chartis global energy has reduced per risk capacity from $50mn to $25mn and is in the process of cutting existing $50mn lines back to $25mn on renewal. Marsh...

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