Energy risks
The energy market is a challenging and ever-changing risk, which involves uncertain perils and conditions, which in turn requires special approaches and knowledge to develop the insurance/reinsurance programme for.
With Challenge Group’s technical expertise and careful analysis and evaluation of exposures we are ready to assist with a wide range of coverages in the Energy business.
A good command of the reinsurance marketplace, long standing experience and a vast network of contacts enable us to handle the toughest placements and meet our clients’ specific capacity requirements.
We successfully cooperate with both traditional and non-traditional markets in placing of differing types of energy risks, from oil and gas businesses to alternative energies. Acting in our clients’ best interests we obtain optimum reinsurance cover, terms and price from the leading reinsurers in the London market, including Lloyd’s, in Europe, Middle East, South-East Asia and Bermuda.
These are just a few industry classes for which we can arrange reinsurance solutions:
Upstream (offshore) operations:
- Production platforms
- Offshore construction operations
- Mobile offshore drilling units
- Exploration, development and production
Midstream operations:
- Transportation via pipeline/vessel
- Gathering, separation and storage
Downstream (onshore) operations:
- Refinery plants
- Petrochemical/ chemical plants
- Gas works
- Underground storage
Power generation & Utilities
