Arch Insurance Group Enhances Energy Capabilities.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Arch Insurance Group, a member of Arch Capital Group Ltd., announced that it has formed a new Energy division--Arch Worldwide Energy(SM)-- that harnesses all property/casualty energy related capabilities in Arch through one dedicated unit to heighten its response to evolving energy needs worldwide. Arch Worldwide Energy will be led by Thomas G. Kaiser, Executive Vice President at Arch Insurance Group. "Arch Insurance Group has always offered expertise in energy, but this strategic group completely dedicated to the issues of the energy market--will drive high quality risk solutions on a worldwide basis," said Ralph E. Jones, Chairman & CEO- Arch Insurance Group. "This new division maximizes the energy-specific intellectual capital, products and services of Arch exclusively for the energy sector," said Kaiser. "We have studied our clients' evolving risk needs and believe that our new unit positions us to develop the most effective solutions for their risk management arsenal." The new division combines the expertise of Arch's Onshore Energy, Offshore Energy, Construction All Risk, Erection All Risk, and Energy Casualty into one unit. The Arch Worldwide Energy client base includes clients from oil, gas, petrochemical, chemical, power generation, pulp & paper, mining & steel industries. Clients can access these services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and London. Arch Insurance Group Inc. is a member of Arch Capital Group Ltd., a Bermuda-based company that provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. on a worldwide basis through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . For more information, visit www.archinsurance.com. Insurance coverage is underwritten by one or more member companies of Arch Insurance Group in North America, which consists of Arch Insurance Company (a MO corporation, NAIC NAIC See National Association of Investors Corporation (NAIC). # 11150), Arch Specialty Insurance Company (a NE corporation, NAIC #21199) and Arch Excess & Surplus Insurance Company (a NE corporation, NAIC # 10946). Executive offices are located at One Liberty Plaza One Liberty Plaza is a skyscraper in lower Manhattan, New York, which resides at the location of the former Singer Building (in 1968, the second tallest building to be demolished). One Liberty Plaza is currently owned and operated by Brookfield Properties. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. 10006. Not all insurance coverages or products are available in all jurisdictions. Coverage is subject to actual policy language. This information is intended for use by licensed insurance producers. |
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