A leader in the underwriting of upstream risks for over 45 years, AIG has developed long lasting relationships with many of our clients worldwide
This segment of insurance is designed to provide comprehensive insurance package coverage for the myriad of complex risks presented by the offshore and onshore exploration, production and contractor segments of the upstream energy industry.
Upstream, oil and gas, both onshore and offshore including owners, operators and contractors.
Capacity: Up to US $400,000,000 any one occurrence, any one risk; one of the highest among upstream insurers in the market.
Offshore Physical Damage for platforms, sub-sea & pipelines
Operators Extra Expense (Control of Well insurance) – onshore and offshore
Business Interruption, Loss of Production Income
Hull & Machinery, Loss of Hire, and TPL for Offshore Contractors
Land Rigs & associated drilling equipment
Offshore construction projects
Gulf of Mexico Named Windstorm coverage
We are a leader in the underwriting of Upstream risks for over 45 years and have developed long lasting relationships with many of our clients worldwide. Our market-leading capacity and technical underwriting, claims and engineering expertise enable us to comprehensively address the most complex insurance needs of our customers around the world, including partnerships with many clients & their captive insurance companies to provide fronting and structured financial solutions to meet the most challenging traditional and non-traditional insurance needs.
We provide value-added loss control services from the drilling phase for Operators through HSE, site inspection, mobile equipment maintenance and operation for operators, non-operators and contractors.
Our Risk Engineers are located worldwide and conduct all levels of risk assessment surveys, loss control inspections and desk-top reviews that help analyze the unique exposures associated with all aspects of upstream energy. This includes reviewing operations beginning with Well Plan reviews on all aspects of onshore and offshore drilling through evaluation of large valued fixed and mobile assets exposed to natural catastrophe, business impact analysis and all risk perils around the globe.
To learn more about AIG's capabilities in this field, please email Ben.Shannon@aig.com