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