NU Online News Service, August 10, 3:55 p.m. EDT
Chartis announced it will increase its underwriting capacity at the Oil Rig unit of its Global Marine and Energy Division to $200 million from $150 million.
The company said the increase "highlights the Chartis insurers' commitment to offer a broad range of insurance protection to the upstream and offshore segment of the oil and gas extractive industries worldwide."
The "upstream" segment of the oil and gas market refers to the search for and production of crude oil and natural gas.
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