UIBN ENERGY UPSTREAM & DOWNSTREAM / POWER GENERATION
The UIBN Energy team provides insurance placement services in all areas of Upstream and Downstream Energy activities. We also have access to (in house) engineering resources, Engineering Risk Consultants (ERC).
Our success has developed through gaining a strong understanding of our clients’ requirements and an understanding of all aspects of their business.
Throughout the team we have experience in broking, underwriting and risk engineering, which ensures that we have the expertise required to identify the risks of our clients’ business and provide all insurance solutions.
WHY UIBN ENERGY
Customer centric
We work closely with clients to dispense relevant and up-to-the-minute advice on energy insurance developments globally and offer the highest levels of personal service available from a dedicated team who understand the complexity and requirements of upstream operating risks.
Long-standing relationships
Market knowledge
We have developed close market relationship with all key carriers along with excellent understanding of market practice and regulatory requirements.
Tailor-made approach
In-house claims management
Knowing how insurers operate enables the Energy Claims team to recommend clients on the most appropriate claim strategy for Upstream and Downstream energy risks as well as CAR/EAR, business interruption, property and liability policies and ensure swift claims settlement through close support to all interested parties. Bespoke wording
Unique risks require very precise policy wording. The Energy team consists of experts in their field with a wealth of experience in dealing with a wide variety of specific risks where various factors need to be carefully considered. Whether the policy is intended to safeguard against loss of income, to protect future income, to indemnify a beneficiary or to achieve financial stability, we will source the most appropriate, reasonable and comprehensive cover.
ENERGY UPSTREAM
Energy companies operate in a high-risk world, often in the most hostile environments. There is increasing pressure to deliver low emission products and investment in technological developments while facing the constant challenge of maintaining profitability against the backdrop of volatile oil prices.
Appropriate risk management and secure, cost-effective insurance coverage placed with internationally renowned specialist reinsurers are key components for stability and success.
WHAT WE DO
WHAT WE DO
The UIBN Energy Upstream division combines knowledge and expertise with hands-on experience to individually assess each risk and its complex technical requirements. We draw upon a depth of experience in complex risks and geographically challenging areas to deliver industry leading results and service to all our clients and continue to build a strong reputation within the Energy Upstream sector where we handle:
- Control of Well
- Exploration, development, distribution and construction phases for oil and gas
- Loss of Production Income
- Mobile Drilling Units
- Onshore and Offshore Upstream Property
- Pipelines
- Platforms
Innovative risks solutions for energy risks are devised and adapted to various locations throughout the world through technical knowledge and ‘on the ground’ local expertise in the following sectors:
Sectors
- All Risks of Physical Damage
- Commotion
- Construction All Risks/Minor Works Liability/Casualty
- Machinery Breakdown
- Natural Catastrophe
- Onshore and Offshore Operators Extra Expense
- Platform de-commissioning and removal
- Removal of Wreck
- Seepage & Pollution – sudden & accidental or gradual occurrence
- Sue and Labour
- Time Element/Business Interruption/Contingent Business Interruption
- Transit/Storage
- War/Terrorism/Strikes, Riots and Civil
WHO WE SERVICE
Our client base reflects the global scale and scope of the energy industry. The Energy Upstream team provides covers in the following areas:
ENERGY DOWNSTREAM
The size and scale of downstream energy and power generation projects require an insurance broker with global capabilities.
In conjunction with UIB’s risk engineering team (ERC) we will evaluate the insurance risk exposure and create a tailored insurance product that most efficiently cover our clients’ needs.
WHAT WE DO
WHAT WE DO
The UIBN Energy Downstream team, which also includes Power Generation expertise, utilises its professionalism, technical knowledge, ‘on the ground’ local expertise, industry experience and strength in-depth when servicing clients.
Each client’s particular and unique circumstances are met with expert solutions, comprehensive advices, tailored wording and, wide ranging covers to ensure maximum cover when developing innovative risks solutions for energy and power risks throughout the world, including:
- All Risks of Physical Damage
- Construction/Minor Works
- Liability/Casualty
- Machinery/Electrical Breakdown
- Malicious Damage
- Named Perils
- Natural Catastrophe
- Seepage and Pollution on a sudden and accidental basis or gradual occurrence
- Terrorism/Strikes, Riots and Civil Commotion,
- Time Element/Business Interruption/Contingent Business Interruption
- Transit/Storage
WHO WE SERVICE
Our client base reflects the global scale and scope of the energy industry. The Energy Downstream team provides covers in the following areas: