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Upstream Offshore Energy Insurance

Energy, Property & Construction
Comprehensive products available to protect against a wide spectrum of risks faced by our clients in the exploration and production phases of the energy industry.

Product details


Up to US$450 million any one location


  • We offer a broad range of products to assist with risk transfer for our clients
  • Policies are underwritten to insure against the risks of physical loss or physical damage to the insured asset, resultant business interruption or loss of hire, control of well and re-drilling expenses
  • Dependent upon the location of fixed or floating assets, coverage may be extended to include the perils of offshore war, terrorism and catastrophic perils such as windstorm and earthquake
  • Property risks are principally written offshore, from small unmanned single structures to multi-platform complexes, major trunklines & intra-field pipeline networks, sub-sea completions and offshore mobile drilling units
  • Property coverage onshore will include but is not limited to land rigs and oil lease property
  • Construction risks are written for offshore projects only

Client Profiles

  • Our customer base is extremely varied and diversified, ranges from small independent companies to fully integrated major oil companies and National Oil Companies (NOCs)

Benefits & Services

  • Claims Expertise
  • Engineering and risk management services
  • Global footprint
  • Utilisation of Lloyd’s or Company Platform

Attachment Point

  • Quota Share or Excess of Loss

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.