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.”

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