Marine & Energy Insurance

The Marine and Energy Insurance team underwrites hull, energy physical damage and liability classes. The vast majority of business is written on a direct facultative basis with underwriters setting the terms and conditions of the risk. Our clients are drawn from around the world. Whilst North America continues to provide a significant proportion of our Energy account, increasing worldwide exploration activity has resulted in a much greater international clientele. Marine remains a truly worldwide account.

Hull

Aspen's hull account is borne out of a large number of long standing relationships between the underwriting team and ship owners. It is a predominantly blue water hull account of an international nature.

Primary Products include:

• Hull & Machinery 'All Risks' policies
• Building Risk

Ancillary coverages include:

• War risks
• Port risks
• Total loss only coverage
• Loss of Hire
• Mortgagees Interest

Energy

The Aspen energy team offers coverage for a wide range of activities within the upstream and midstream sectors of the oil and gas industry. Operations covered include exploration, production, development, processing and transportation, both on and offshore. Our clients include drilling and service contractors, independents, and multinational oil and gas companies.

Coverage offered:

• Physical damage 
• Construction 
• Operators extra expense (Control of well) 
• Business Interruption 
• Liability

Liability

We offer coverages in support of the Hull and Energy account and in addition write a wide range of "stand alone" Marine, Energy and Construction products . The majority of the account is built upon long standing relationships with clients to whom we offer tailored products.

The coverages we offer are as follows:

The Energy Liability Account includes:

• Primary and excess layers for the Oil and Gas Industry
• Oil Pollution Act coverage in the USA
• Utility risks 
• Offshore construction projects
• Coverage can be included within Energy Package Products where appropriate

Marine:

• Protection and Indemnity and Maritime Employers Liability risks on a primary and excess basis
• A range of other tailored marine insurances for the industry such as port risk, stevedores and shiprepairers 

Offshore Construction Risk:

• Homebuilders written on a primary and excess basis, principally as a 'wrap up' product
• Capital construction projects on an excess 'wrap up' basis. Capital construction projects consist of major projects for commercial use

 

All our business is conducted through authorised brokers and we are unable to consider any direct placements with clients.

 

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