ENERGY
SUBCLASSES
- Offshore / Upstream Named Windstorm Only
- Onshore and Offshore Operational
- Renewables – Construction and Operational
TARGET CLIENTS
- Long established proven track record in the asset
class, territory and industry sector that adhere to
international social, ethical and environmental
standards
APPETITE
- Supporting strategic clients or portfolios on an All
Risks, Nat Cat Only, Contingent and XOL bases - Offshore Upstream Named Windstorm – GOM
focussed, deep-water assets with minimal pipelines
and above Critical Nat Cat attachment levels. - Decommissioning Bonds – Client details, how they
are currently providing for it, planned decommission,
credit rating/financial strength. Focus on excess layers - Downstream Operational risk – Minimum attachment
= 30% of EML to ‘EML Bust’ layers / Excess of Critical
Nat Cat attachment level - Construction – Non-peak Cat zones, focus on top tier
operators (RWE, Equinor, windfarm focus)
Underwriting maintained ‘in house’ – no lineslips / binders
COVER
- Offshore Named Windstorm Only – Property Damage
arising from Named Windstorm - Decommissioning Bonds – Insurance market
substitute to a cash collateralization or Letter of
Credit, required by the regulator in relation to
modelled future decommissioning costs to continue
E&P operations. - Offshore / Upstream Operational– NWS Property
Damage cover - Onshore / Downstream Operational– All Risks of
Physical Loss / Damage and Business Interruption - Renewable Energy – Construction all risks and
Operational All risks – Wind offshore/onshore and solar - Reinsurance and Insurance Basis
CAPABILITIES
- Max Line Size – Up to USD 100m Offshore &
Decommissioning / USD 125m Downstream - Normal Max Tenor – Short tail, Annual policies other
than CAR (up to 5 years)