Upstream Energy

Why Us

Here for you

Our energy team is available at Lloyd’s (ground floor box 14), in the office, by phone or video conference to talk through and collaborate on a range of solutions. We have a nimble and ‘no red tape’ approach, making us highly responsive so you can get back to your customer with a quote quickly.

Flexible solution approach Underwriting flexibility ensures that we can bespoke solutions for each individual risk. Via a package-based offering we can also provide access to insurance needs under one slip.

Knowing that more energy businesses are on an energy transition journey, we can adapt to offer renewable-led solutions as their strategy moves towards a more sustainable model.

Our Customers

Target business

We primarily write upstream business and can consider midstream risks from multi-nationals to independent businesses.

Types of business in scope include:

  • Global integrated oil and gas companies
  • Multi-national integrated oil and gas companies
  • International drilling contractors
  • Independent E&P companies
  • State-owned oil companies
  • Shipyard/building contractors

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Solutions

Risks on a global basis - provide a wide range of coverage including:

Solution

All risks of physical loss or damage

Solution

Business interruption or loss of production

Solution

Third party liability

Solution

Control of well

Solution

Removal of wreck and sue and labour

Solution

Delay in start up

Solution

Offshore construction

Capabilities

  • $250 m maximum line size
  • Global offering with a choice of Lloyd’s syndicate 1686 ($125 m) and AXIS company paper ($250 m)
  • London based specialist underwriting team

Claims

We deliver on our promises

Effective resolution for customers is achieved with our highly skilled claims specialists focusing on:

  • Quick decision making
  • Championing your needs
  • An honest approach

Learn more about claims

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AXIS Claims

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Customers claims stories

Claims examples may be based on actual cases, composites of actual cases or hypothetical claim scenarios and are provided for illustrative purposes only. Facts have been changed to protect the confidentiality of the parties. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law.