Our energy clients are predominantly hydrocarbon exploration and production companies, notably in the oil and gas sector, for whom we provide cover for their upstream, midstream and downstream operations. Ranging from domestic operators to large multinationals, we write a global book with a focus on the developing markets. As a result, we have extensive experience and knowledge of energy business in Asia, Latin America, the MENA region and Africa plus the former Soviet Union countries.
Barents Re Energy Offering
Our core product offerings, with extensive capacity for upstream, midstream and downstream operations, are:
The work of energy companies combines highly-skilled technical expertise with the inherent dangers of operating in very often remote locations and treacherous conditions. Our team of energy specialists understand the risks faced by those working in the energy sector meaning we provide risk transfer solutions that give clarity and peace of mind for all parties involved.
For upstream operations, we provide cover for our clients’ offshore fixed and floating platforms, storage systems, sub-sea facilities, offshore pipelines and vessels. In addition, we have many years’ experience underwriting land rigs, pumping stations, gathering stations, flowlines, pipelines and properties related to the exploration and production of oil, gas and other extractive resources. We can also provide construction cover for their upstream assets.
For midstream operations, we work with companies whose assets control the transit and/or storage of energy products such as pipelines, compression stations and associated assets.
For downstream operations, our principal area of expertise is providing cover for oil refineries. We can provide cover for a wider range of onshore downstream operations such as petrochemicals and utilities but we normally only do so as part of a package or if they are part of an integrated complex.
Our energy team is also renowned for taking a flexible and commercial approach to helping clients mitigate their business risks whilst maintaining the underwriting discipline which has made our energy portfolio so successful.