Our upstream energy team specializes in delivering reinsurance solutions for national oil companies, major integrated energy companies, independent operators and drilling contractors involved in the exploration and production of oil and gas all over the globe. We can provide cover for “all risks” property physical loss or damage including machinery breakdown, business interruption or loss of hire or production, legal and contractual liabilities and construction all risks. Cover is available on a worldwide basis for a quota-share (proportional) or excess of loss (non-proportional) basis in supporting multinational/multilocation or location specific programmes. Capacity is granted either on a lead basis or following a recognized leading market.
USD 30 million
- Property physical loss or damage including Machinery Breakdown for the following occupancies:
- Drilling Rigs
- Fixed Installations
- Mobile Offshore Units
- Subsea Pipelines
- Midstream Facilities
- Miscellaneous Property
- Operator’s Extra Expense (Control of Well)
- Business Interruption or Loss of Hire.
- Legal and Contractual Liabilities (including sudden and accidental pollution).
- Offshore Construction All Risks.