Overview
We are an established insurance leader across the upstream, midstream and downstream energy sectors with clients ranging from small independent producers to global supermajors.
With over 70 years’ energy underwriting experience, we are well known for our market-leading capabilities including specialist in-house risk control and claims management expertise.
Writing all aspects of the energy value chain in one team allows us to better support clients through composite packages. We offer cover on Quota Share, Excess of Loss and Facultative bases and can support offshore renewable ventures.
For upstream energy, we insure the oil and gas industry’s operations through each phase of development from exploration and construction, to production and decommissioning.
What do we cover?
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Upstream:
- All risks Offshore and Onshore Property Damage including fixed and mobile assets
- Total loss and/or ICOR
- Removal of wreck/debris
- Loss of Production Income, Business Interruption and Loss of Hire
- Operators Extra Expense and Re-drill expenses
- Seepage and pollution
- Construction and Abandonment
- Legal, Contractual and General Third-Party Liabilities
- Physical damage/Operators Extra Expense/Business Interruption resultant from a cyber-attack
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Midstream:
- All risk property damage including Business Interruption
- Machinery Breakdown
Downstream:
- All risk property damage including Business Interruption
- Machinery Breakdown
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Who do we insure?
Available through our Lloyd’s syndicate, we underwrite a global portfolio including some of the worlds’ largest upstream energy risks.
The midstream sector involves the transportation and primary processing of crude and refined petroleum products. In addition, we have a wealth of experience in the technically challenging downstream occupancies such as processing, refining and petrochemicals and are a key market for excess of loss placements.
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Upstream:
- Offshore operating platforms and facilities
- Onshore operating
- Offshore Construction
- Deep water wind
- Control of well including exploratory drilling
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Midstream:
- Field Gathering
- Pipelines including compressor stations
- Gas processing and NGL/LNG/GTL
- Transportation
- Salt Water Disposal
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Downstream:
- Refineries
- Petrochemical plants
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