WORKING WITH THE ENERGY INDUSTRY
FOR A BRIGHTER FUTURE

 

In 2019, only 11% of global primary energy came from renewable technologies. Today, the London market is insuring major renewable energy projects all over the globe as the pressure to shift away from fossil fuels intensifies.

However, while the energy landscape is evolving, solutions for the traditional energy and power sector are still at the core of what we do at Alesco. From fossil to forecourt, the London market has long supported the energy sector, holding 55% of the world’s energy risks.

Alesco boasts 90 energy, power, and renewables risk-transfer specialists, and we serve more than 500+ energy clients globally. We assist oil field contractors, energy investors, national oil companies, banks and traders on traditional energy and power, and greener solutions.

Wherever your business sits in this complex sector, we can support through specialty insurance products and risk management expertise.

 

GLOBAL RISKS, LONDON SOLUTIONS.

 

Our team's experience ranges from arranging and managing energy insurance programs on behalf of independent companies, through to representing some of the world's largest oil and gas companies. Clients include exploration and production (E&P) companies, drilling contractors, oilfield service companies and integrated energy companies.

With a range of underwriting facilities in place, and insurers committed to offering competitive terms and alternative policy wordings, we are able to continually test the parameters of available coverage.

We can provide a wide range of coverage, including but not limited to:

• Property Damage

• Control of Well/Operators Extra Expense

• Business Interruption/Loss of Production Income/Loss of Hire

• Decommissioning Liabilities

• Construction

• Third-Party/Excess Liabilities

• Oil Pollution Act (OPA) Coverage

• Terrorism

Contact:

Matt Byatt

Head of Upstream | Energy, Power & Renewables

+44 7717 727080

Email

The relationships built by our team members provide us with an ideal platform to deliver competitive and comprehensive insurance solutions and reinsurance products. This means that we can give clients access to the broadest possible range of markets and choice of carriers to meet their needs.

Our clients include some of the world’s largest refiners and national oil companies which gives us extensive experience in complex insurance/reinsurance placements and alternative risk transfer products. We support all downstream sectors, including oil, gas and petrochemical operations, ranging from refining, petrochemicals, liquefied natural gas (LNG); and transportation, distribution and storage of oil, gas and petrochemicals.

Our team can provide a wide range of coverage, including but not limited to:

• Property Damage

• Machinery Breakdown

• Business Interruption

• Contingent Business Interruption

• Natural Catastrophe

• Sabotage and Terrorism/Political Risks

• Marine Cargo

• Construction

Contact:

Glyn Davies

Head of Downstream | Energy, Power & Renewables

+44 7957 776395 

| Email

The team has extensive experience in challenging placements, complex program design and execution in both developed and developing economies. The strength of our relationships with key reinsurers assists us in being able to provide our clients the most competitive and compelling solutions available in the marketplace.

We offer the full breadth of power capabilities ranging from traditional utilities to individual power plants and renewable energy companies. We cover all construction and engineering risks through to the operational phase and beyond.

Our in-depth industry knowledge and our data-driven approach ensures that we constantly deliver innovative results for the many sources that we work for, including independent power producers (IPPs), vertically integrated electricity companies, and utility packages across both the private and state sectors.

We can provide a wide range of insurance products, including but not limited to:

• Property Insurance

• Business Interruption

• Machinery Breakdown and Defective Design

• Natural Catastrophe Cover

• Full Political Violence including Terrorism, Sabotage, and War

• Weather Derivatives Cover

• Cyber Risks

• Political Risks and Fair/Unfair Calling of Bonds

Contact:

Jon Parker

Head of Power | Energy, Power & Renewables

+44 7756 216481

| Email

The team provides risk insight across all sub-sectors within renewable energy and has successfully handled claims for some of the largest losses in the sector.

We access the global pool of insurers writing renewable energy. The changing market landscape has emphasized the importance of our market relationships to ensure an optimal balance of risk, coverage and insurer value. In addition, our technical understanding of the project life cycle enables sharing of risk mitigation guidance to clients. We provide clients with prompt and up-to-date input which ensures the insurances obtained align with requirements whilst maximizing value from the market.

We can provide a wide range of coverage, including but not limited to:

• Property Damage

• Offshore Wind

• Onshore Wind

• Solar

• Battery Energy Storage Systems (BESS)

• Geothermal

• Hydro

• Tidal

• Biomass and Energy from Waste (EfW)

Contact:

Duncan Gordon

Head of Renewable Energy | Energy, Power & Renewables

+44 7907 978746

Email

Our dedicated Energy Casualty team focuses on the unique and often complex risks associated with the energy sector.

With strong market relationships and a ‘solutions-driven’ approach, we work with insurers in London, Europe and Bermuda in order to achieve the best results for our clients who include:

• Exploration and production companies — onshore and offshore

• Multinational integrated energy companies with global programs

• Oilfield contractors — well servicing and drilling

• Construction Contractors

• Midstream operators — gathering, storage, transmission and processing

• Refining and distribution companies

• Power utilities

• Renewables


We can provide a wide range of coverage, including but not limited to:

• Primary General Liability

• Primary Public and Products Liability

• Marine Liability

• Excess/Umbrella Layers

• Construction Liability

• Decommissioning Liability

• Protection and Indemnity

• Oil Pollution Act (OPA)

Contact:

Billy Quelcutti

Head of Energy Casualty | Energy, Power & Renewables

+44 7548 093631

| Email

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