WORKING WITH THE NATURAL RESOURCES INDUSTRY
FOR A BRIGHTER FUTURE

 

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 natural resources 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 natural resources sector through the use of traditional wholesale reinsurance as well as Alternative Risk Transfer solutions.

Alesco boasts 95+ natural resources risk-transfer specialists, and we serve more than 600+ natural resources 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.

 

RISK CONSULTING

Independent, data-driven risk insight that goes beyond traditional insurance - combining consultative thinking with real-time market access to design tailored strategies that strengthen resilience, optimise risk transfer, and support confident decision-making at every renewal.

Find out more

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.

  • 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 | Natural Resources

+44 7717 727080

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 a broad 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.

  • Property Damage
  • Machinery Breakdown
  • Business Interruption
  • Contingent Business Interruption
  • Natural Catastrophe
  • Sabotage and Terrorism/Political Risks
  • Marine Cargo
  • Construction

Contact:

Marc Perrin

Head of Downstream | Natural Resources

+44 7860 377 099

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 (re)insurers assists us in being able to provide our clients with some of the most competitive and compelling solutions available in the marketplace.

We offer the full breadth of power capabilities ranging from standalone power plants and utilities, not limited to desalination, reverse osmosis and water treatment as well as power transmission.

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:

Will Hill

Head of Power | Natural Resources

+44 7801 966676

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 reinsurers 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 not limited to Property Damage, Business Interruption and Casualty risks across the following subsectors:

  • Offshore wind
  • Onshore wind
  • Solar
  • Battery Energy Storage Systems (BESS)
  • Geothermal

Contact:

Duncan Gordon

Head of Renewables | Natural Resources

+44 7907 978746

Our dedicated natural resources casualty team focuses on the unique and often complex risks associated with the energy sector.

With strong market relationships and a 'solution-driven' approach, we work with insurers in London, Europe and Bermuda in order to achieve optimal 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
  • Renewables

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

  • Primary general liability
  • Primary public and products liability
  • Environmental impairment liability
  • Marine liability associated with the energy and renewables clients
  • Excess / Umbrella layers
  • Construction liability
  • Decommissioning liability
  • Protection and indemnity
  • Oil Pollution Act (OPA)

Contact:

Billy Quelcutti

CEO | Casualty

+44 7548 093631

We work side by side with clients driving the energy transition, offering clear, practical insurance and risk management support across both the construction and operational phases of their projects.

From grid upgrades to low carbon fuel innovations, we help clients navigate the evolving risks of a complex sector, with particular focus on:

  • Power grid modernisation
  • Carbon capture, utilisation and storage (CCUS)
  • Hydrogen projects
  • Thermal energy developments
  • Liquefied natural gas (LNG)
  • Alternative fuels
  • Asset electrification
  • Pipeline conversion

Our model is hands on and built around each client’s goals. With deep technical insight, specialist engineering capability and tailored coverage, we design straightforward, commercial solutions that respond to the demands of today and adapt for tomorrow.

Contact:

Ian Picton

Head of Energy Transition | Natural Resources

+44 7842 618 342

We recognize that not all clients fit into one or the other of the traditional upstream / downstream market; there are many midstream clients that can be placed in either markets and there are also some clients that require both. To ensure that our integrated clients have the best of both worlds, we have created an Integrated Energy team.

Our Integrated Energy team works with markets in every global insurance hub via our London, Houston, Dubai International Financial Centre (DIFC) and Singapore offices, providing extensive worldwide specialist knowledge and experience in servicing the upstream and downstream oil & gas sector, heavy industry and more general property risks.

We provide a one-team structure to deliver seamless communication and quality client servicing.

The team is able to provide insurance/reinsurance solutions over a wide range of coverages including:

  • Property damage
  • Machinery breakdown
  • Business interruption / Contingent business interruption / Loss of production income
  • Control of well / Operators extra expense
  • Offshore construction
  • Third party / Excess liabilities
  • Sabotage and terrorism / Political violence

Contact:

Michael Cosgrove

Head of Integrated Energy | Natural Resources

+44 7881 851 266

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