Downstream Onshore Energy and Power Insurance
Up to USD 200 million any one occurrence.
The onshore energy account has an appetite for downstream energy, midstream energy and power generation risks.
Coverages provided to the onshore assets of our clients include but not limited to:
All risk property damage, boiler explosion/machinery breakdown and resulting time element caused by a vapour cloud explosion, a fire, or a Natural catastrophe like wind, earthquake and flood.
Our underwriting is based on prudent product development through the application of appropriate technical underwriting discipline.
Our focus is to be a globally recognized market leader providing specialty lines products and services for the Energy sector. Our team of highly experienced underwriters, engineers and claim staff provide the highest levels of customer service to our clients through our expertise, trust and transparency.
This class of business is written from our offices around the world.
We write accounts varying from single locations to multinational companies with a global spread of risk.
- Electric utilities principally engaged in generating, transmitting or distributing electric power.
- Electric utilities include investor-owned utilities, publicly owned utilities, municipalities or cooperatives.
- Additionally: refineries, petrochemical plants, gas companies, pipelines and storage terminals.
Typical Information Required
- Schedule of values (by location)
- Five-year loss record
- Policy terms/coverages required
- Location engineering information and surveys
Benefits & Services
- Property loss prevention services from AXA XL Risk Consulting, as well as specialist risk engineering for both power utilities & oil and gas
- Flexible underwriting
- Globally recognised market leader
- Proactive attitude towards claims
Limits On Product
The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.