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Energy Insurance

Global Energy insurance for onshore and offshore risks

With dedicated energy insurance teams serving both the onshore and the offshore oil and gas industries, Allianz Global Corporate & Specialty offers a flexible and customized approach for the most demanding global energy insurance challenges.

Specialist risks need both specialist expertise and specialist resources. For offshore and onshore energy insurance, this means not just highly qualified lead underwriters, but also a genuinely global reach, an integrated risk consulting and claims approach, and - of course - a long term commitment to our clients.

With expert teams centered on the industry’s hubs in London, Houston and Singapore, backed up by the ability to underwrite risks in more than 160 countries, we can offer market-leading capacity for a wide range of energy risks, underpinned by our market-leading financial security, rated ‘AA’ by Standard & Poor’s and A+ by A.M.Best.

Supported by one of the most experienced claims and risk consulting teams in the energy insurance business, we pride ourselves on our fast decision making and flexible approach to our clients’ challenges.

Offshore and Onshore Energy Insurance

Our clients cover the full spectrum of the energy insurance industry, including upstream, midstream and downstream operations and assets:

Downstream (onshore) Midstream Upstream (offshore)
Refineries Transportation by pipeline or vessel Exploration, development and production assets and activities, offshore and onshore
Petrochemicals and chemical plants  Gathering, separation and storage  Production platforms  
Gas works   Mobile offshore drilling units
Terminals and tank farms   Floating production storage off-loading units
Underground storage   Offshore construction activities
Chemical fertilizer plants    

 

Our services to these specialist clients are always individually designed to their needs, and include: 

  • Onshore property, including equipment coverage
  • Offshore property, including rig physical damage and offshore construction
  • Construction coverage for onshore energy projects from our specialist engineering team
  • Business interruption/loss of production income
  • Control of well/operators extra expense costs/re-drill/seepage/pollution
  • Excess liability/umbrella
  • General liability
  • Hull and machinery/total loss cover/freight interest/loss of hire
  • Package options, including:
  • Boiler and machinery
  • Cargo, transit
  • Contractors equipment
  • Extra expense
  • Miscellaneous marine liability
  • Third party liability

For our insurance and risk consulting services to the renewable energy sector, please see our dedicated Renewable Energy section.

Download a list of Global Energy contacts