Upstream
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
control of well costs, loss of production income, and third party
liabilities.
We cover oil and gas operations onshore and offshore and offer
primary and excess of loss cover both as insurance or reinsurance
where required.
Additionally, we can provide significant catastrophe capacity
for exposures such as named windstorm.
Target market
- Independent oil and gas companies
- Integrated energy companies
- State oil and gas companies
- Drilling contractors
- Service contractors
Coverage includes
- 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
Limits available
Up to US $75,000,000 per platform normal maximum line
Key territories
Worldwide, but in particular:
- North America
- North Sea
- Other Europe
- Asia
- Middle East
To offer a quotation, we require details of the scope and nature
of the assured's activities, the coverage required and a claims
record.