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TheStreet Open House

XL Group's Complex Accounts Team Provides Innovative New Performance Warranty Insurance Product To Bloom Energy

Stocks in this article: XL

XL Group's Complex Accounts team partners with both national and international companies across different industries that are looking for cover from economic risks which could potentially have an unexpected negative impact that they're not able or willing to bear alone. These may include risks to specific innovation-related projects, a business' value chain, or its annual revenue or profitability. Starting where other insurers traditionally set their limits, the team creates unconventional coverage for truly unique operational business risks. At present their geographic focus is primarily in Europe; in the United States they work exclusively in partnership with New Energy Risk.

About XL Group plc's Insurance Operations

XL Group plc's insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance  

About XL Group plc

XL Group plc (NYSE: XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward.  To learn more, visit www.xlgroup.com

XL Group is the global brand used by XL Group plc's insurance and reinsurance subsidiaries.

About Bloom Energy

Bloom Energy is a provider of breakthrough solid oxide fuel cell technology generating clean, highly-efficient on-site power from multiple fuel sources. The company was founded in 2001 with a mission to make clean, reliable energy affordable for everyone in the world. Bloom Energy Servers are currently producing power for several Fortune 500 companies including Google, Walmart, AT&T, eBay, Staples, The Coca-Cola Company, as well as notable non-profit organizations such as Caltech and Kaiser Permanente. The company is headquartered in Sunnyvale, CA. For more information, visit www.bloomenergy.com.

About New Energy Risk

New Energy Risk provides innovative data analytics, strategic consulting, and financial risk transfer solutions to the renewable energy industry, worldwide. New Energy Risk is a privately held firm based in Menlo Park, CA and Fairfield, CT. For more information, visit www.newenergyrisk.com.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 20 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.

SOURCE XL Group

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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