The energy portfolio is written alongside our general property offering and forms part of our Bermuda Property product line.
The energy group offers commercial insurance to a broad spectrum of clients with a diverse geographical base. The portfolio is centered around customers that are risk management focused, have a long-term approach to buying insurance and are looking for protection against catastrophic loss.
Product Information:
Our Energy insurance features include:
Product Cover:
Coverage is provided against risks of direct physical loss or damage and the resulting time element on a first party basis. We work with brokers to provide tailored solutions that help protect from the following perils:
- Fire and Allied Perils
- Equipment Breakdown
- Named Windstorm
- Earthquake
- Flood
Non-admitted capacity is offered on shared and layered programs, with limits and attachment points driven by occupancy, protections and quality of risk.
Target Markets:
The following major class segments are considered:
- Mining
- Petrochemical
- Oil & Gas
- Power Generation
- Renewable
- Heavy Industry
Line Size:
- We offer up to USD 50 million in capacity, limited to USD 10 million when writing within the Probable Maximum Loss (PML).
- Minimum premium is USD 50,000 per policy or USD 10,000 per million of capacity.
Territories:
Worldwide, all territories are considered; however, distribution is through Bermuda and London-based brokers.