Offshore Energy Insurance

AXIS Insurance’s Offshore Energy unit is a leader in covering major offshore developments and mobile drilling units while operating and under construction.

Our proven expertise in underwriting complex exposures and our ability to insure all aspects of the energy chain make AXIS a preferred market. We have a strong, long-term commitment to our global energy book of business. Brokers and clients around the world count on us for the quality coverage, substantial capacity and excellent service we provide.

Richard Fricker

  • Executive Vice President
  • Office: +44-207-877-3807
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Highlights

  • Highly experienced underwriters
  • Large line capability, either on a stand-alone monoline or integrated package basis
  • Prompt turnaround – normally provide guidance within 24 hours
  • Consistent approach throughout market cycle
  • Coverage backed by the exceptional financial strength and solid claims-paying ability of the AXIS insurance companies
  • Industry-leading claims services
 

Products & Capabilities

  • Physical Damage, Business Interruption and Operators Extra Expense coverage
  • Life-Cycle Liability coverage for exploration and construction through operation and distribution
  • Normal Maximum Line $100MM USD
  • Close coordination with other AXIS business lines for Excess Casualty and Directors & Officers Insurance

Target Classes

  • World’s largest Drilling Contractor Fleets
  • Fixed and Floating Production Systems
  • Multinational Integrated Oil Companies
  • State-owned Oil Companies
  • Independents

Coverage is underwritten by a member company of the AXIS group of insurance companies. Coverage may not be available in all states and jurisdictions.