Upstream Energy Insurance

Upstream Energy Insurance

Canopius offers risk transfer to clients involved in offshore and onshore energy exploration and production against risks during construction and whilst operating including:

  • Physical loss or damage
  • Debris removal
  • Cost of well control and clean up
  • Redrilling
  • Business interruption and loss of hire
  • Third party liabilities

Our target risk

Our typical clients include:

  • Exploration and production companies
    • National oil and gas companies
    • Independent oil and gas companies
  • Oil and gas transmission companies
  • Drilling and service contractors
  • Energy construction contractors
  • Integrated energy companies

Why choose Canopius?

Top-Level Expertise

Longstanding and market recognised team of leader underwriters in their respective disciplines supported by risk engineering and claims expertise.

Innovation

We leverage cutting-edge technology and analytics to tailor solutions that meet the evolving needs of the energy sector.

Global Reach

Our offices in London and Singapore enable us to provide comprehensive support to clients worldwide, ensuring local expertise and global insight.

Capacity

Up to $250,000,000 capacity across all lines supported by A rated Lloyd’s security.

Risk Engineering

Internal and external risk engineering expertise ensures that underwriting and claims understand the technical aspects of our clients’ risks and can be deployed to advise clients on risk mitigation.

Consistent Underwriting and Claims

Our empowered specialists take a consistent approach to both underwriting and claims to ensure our clients are always directly in touch with decision makers.

Contact us

Please speak to one of our specialist underwriters to learn more about our Upstream Energy Insurance services. We are here to help you find the best solutions for your business.

Contact the Upstream Energy team

FAQs

Who needs Upstream Energy Insurance?

This type of insurance is crucial for companies engaged in oil and gas exploration and drilling, including independent exploration companies, drilling contractors, oil field service providers, and energy production companies.