Offshore Energy Property Insurance
XL Group provides upstream energy insurance to the oil and gas industry. We offer customized packages to suit a range of needs for multiple lines of business, including physical damage to onshore and offshore assets.
(Coverage provided for worldwide exposure)
Up to USD 75 million
– Physical damage
– Business interruption
– Control of well
– Offshore construction
– International oil companies
– National oil companies
– Independent oil companies
– Service companies
Typical Information Required
– Five-year loss record
– Full company and operations details
– Coverage and limit requirements
– Other requirements as needed
Benefits & Services
– Ability to write coverage directly or through Lloyd’s (Syndicate #1209)
– Option to write coverage in conjunction with other product lines (including hull, cargo, liabilities and downstream/midstream energy)
– Worldwide coverage
– Standard and customized wording
This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda are only available through non US-based brokers. The Insurance companies of XL Group plc are: Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Select Insurance Company, XL Insurance Company of New York Inc., XL Insurance (Bermuda) Ltd, XL Insurance Company Limited, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Insurance Argentina SA Compañia de Seguros and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #1209 are managed by XL London Market Ltd and supported by XL corporate members at Lloyd’s. Additional important information regarding our business is provided on our Legal Notices page.
Rich leads our North America ocean and inland marine business, drawing on both a naval career and extensive experience in marine insuran ...