Energy

Class overview

Novae underwrites a portfolio of London market upstream energy risks and will consider a full range of oil and gas business. The focus is on the production side of the portfolio. The book is predominantly package-based business, which is short tail in nature. All accounts are written on a facultative basis with full control over any brokers’ covers.

The territories underwritten are worldwide with a focus on the major offshore production areas.

Risk appetite

The account includes:

• Offshore/onshore physical damage – fixed platforms, pipelines and mobile units
• Operator’s Extra Expenses (OEE)
• Third party liability
• Loss of production income or business interruption (including contingent coverage)
• Construction all risks
• Facultative XL/TLO risks
• Gulf of Mexico wind
• Sue and labour
• Increased cost of replacement
• Seepage and pollution
• Removal of debris
• Cost of re-drill
• Offshore war and terrorism

If you require any further information

Please contact an Underwriter or email your enquiry to Energy@novae.com