Houston, TX - October 23, 2017 -- National wholesale insurance broker and managing general agent Worldwide Facilities announced today they have launched a new energy liability facility in partnership with energy liability specialist Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited.
The CGL and Excess programs, written on the Worldwide Facilities Liability forms, are designed to meet the needs of the land based oil and gas lease operators based in the United States.
“We are very pleased to be in partnership with one of the premier energy liability underwriting teams in the business,” says Rick Burns, Senior Vice President at Worldwide Facilities’ Houston office. “They are familiar with the issues facing the energy industry today and we believe they will strongly enhance our product offering in this sector.”
“Worldwide Facilities has an excellent reputation and well-established relationships in the energy insurance sector. We believe this will be a strong and long-lasting partnership, and we look forward to working with them,” added Tom Davies, Deputy Head of Marine & Energy Liability for Aspen Insurance in London.
About Worldwide Facilities, LLC
Worldwide Facilities is a national wholesale insurance broker and managing general agent that has been in business since 1970. Its brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. For more information, please visit wwfi.com.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, France, Germany, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. For the year ended December 31, 2016, Aspen reported $12.1 billion in total assets, $5.3 billion in gross reserves, $3.6 billion in total shareholders’ equity and $3.1 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of “A” by Standard & Poor’s Financial Services LLC (“S&P”), an “A” (“Excellent”) by A.M. Best Company Inc. (“A.M. Best”) and an “A2” by Moody’s Investors Service, Inc. (“Moody’s”).