The insurer increases capacity by $20m as environmental risks become ‘increasingly onerous’

ACE Global Markets today announced that it will offer increased capacity of $50m, up from $30m, for global clients seeking environmental liability insurance coverage.

The insurer said it has raised capacity because “coverage provided by more traditional insurance policies is not sufficient for the exposures that companies face today”.

Environmental risk manager, UK and Ireland, Emma Bartolo, said: “Environmental exposures and the liabilities they create for businesses have become increasingly onerous and they now affect many industries more frequently, and to a greater degree. This strengthening of our proposition with available capacity of up to $50m reflects the changing risk environment we see at ACE and our commitment to working with London market brokers to meet their evolving client needs across the world.”

The announcement follows the recent appointment of Jane Anderson as environmental risk underwriter for the UK and Ireland.