Upstream / Offshore energy
Energy, Property & Construction
Comprehensive products available to protect against a wide spectrum of risks faced by our clients in the exploration and production phases of the energy industry.

Product details

Capacity

– Up to US$450 million any one location

Coverage

– We offer a broad range of products to assist with risk transfer for our clients
– Policies are underwritten to insure against the risks of physical loss or physical damage to the insured asset, resultant business interruption or loss of hire, control of well and re-drilling expenses
– Dependent upon the location of fixed or floating assets, coverage may be extended to include the perils of offshore war, terrorism and catastrophic perils such as windstorm and earthquake
– Property risks are principally written offshore, from small unmanned single structures to multi-platform complexes, major trunklines & intra-field pipeline networks, sub-sea completions and offshore mobile drilling units
– Property coverage onshore will include but is not limited to land rigs and oil lease property
– Construction risks are written for offshore projects only

Client Profiles

– Our customer base is extremely varied and diversified, ranges from small independent companies to fully integrated major oil companies and National Oil Companies (NOCs)

Benefits & Services

– Claims Expertise
– Engineering and risk management services
– Global footprint
– Utilisation of Lloyd’s or Company Platform

Attachment Point

– Quota Share or Excess of Loss

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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