Energy

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.

The account includes:

• Offshore/onshore physical damage – fixed platforms, pipelines and mobile units (typically high level excess layers)
  
• Control of Well (COW) or 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 business - all policies contain a named windstorm aggregate limit
  
• Sue and labour
  
• Increased cost of replacement
  
• Seepage and pollution
  
• Removal of debris
  
• Cost of re-drill
  
• Offshore terrorism

If you require any further information please

or email your enquiry to: energy@novae.com