Upstream

Overview

 

Upstream is our largest sub-class of energy risks. Our cover protects clients against a broad spectrum of risks including physical damage, well related expense , such as controll of well costs, loss of production income, and third party liabilities.

 

We cover oil and gas operations onshore and offshore.

 

We provide primary and excess of loss cover both as insurance or reinsurance where required.

 

We can provide significant catastrophe capacity for exposures such as named windstorm.

Details

 

Upstream is our largest sub-class of energy risks. We provide a broad spectrum of cover including physical damage, well-related expense (such as control of well costs), loss of production income and third party liabilities.

 

We will pay these losses

May include indemnity to repair or replace damaged property, sue and labour, removal of debris expenses, loss of production income, control of well, redrill and restoration expense, pollution from wells and legal liabilities. All subject to the terms and conditions of the actual policy.

 

Limits available

Up to US $25,000,000 per interest, US $75,000,000 per platform

 

Target market

  • Independent oil and gas companies
  • Integrated energy companies
  • State oil and gas companies
  • Drilling contractors
  • Service contractors

 

Key territories

Worldwide, but especially:

  • North America
  • North Sea
  • Other Europe
  • Asia
  • Middle East

Forms

 

To offer a quotation, we require details of the scope and nature of the assured's activities, the coverage required and a claims record.