The onshore energy account has an appetite for downstream energy, midstream energy and power generation risks.
Examples of the risks we look to write are refineries, petrochemical plants, gas companies and fossil fuel power stations. The most severe exposure for a downstream energy risk is a vapour cloud explosion and the most frequent peril for power generation risks is machinery breakdown. Our focus is on the selection of accounts with quality risk management.
We write accounts varying from single locations to multinational companies with a global spread of risk.
This class of business is predominantly written from our London office but has a growing contribution from the Singapore, Calgary and Sydney offices. We look to write business around the world, however the majority of values exposed are based in the USA.
Business can be written on a direct or facultative reinsurance basis, and we prefer to have a diverse spread of attachment points in the book resulting in a variety of primary, excess and full limit lines being offered.
We provide coverage for all risks of physical loss or damage to the onshore assets of our clients. Included in the policy may be coverage for business interruption exposure as a result of physical loss or damage, or catastrophic perils like wind, earthquake and flood.
Expertise in Energy
The Onshore Energy account was one of the very first lines of business to have been underwritten by the Catlin Group. This is a mature book of business founded on long-term relationships, some dating back over 20 years.
The underwriting team is a recognised leader within the class, across both direct and reinsurance placements.
Supporting our underwriters, we also have excellent claims teams based in offices around the globe.