Posted in News on 01 Jul 2021

“Whilst oil prices have returned to pre-pandemic levels, COVID-19 continues to present challenges particularly for risks where on site engineering is required. Rates continue to increase, albeit fractionally, across Upstream and Power whereas Downstream has begun to plateau.”

In our latest Energy, Power & Renewables Insurance Update our specialist energy teams provide their thoughts on the changes in the market in the last quarter. From increased underwriting scrutiny on Loss of Production Income (LOPI) and Control of Well to the impact of a high profile cyber loss we provide a high-level outlook for the remainder of the year across all major energy-related insurance markets.

To read the market update, please click the download box on the right-hand side.


FOR MORE INFORMATION, GET IN TOUCH:

JONATHAN SMITH | MANAGING PARTNER 
Direct: +44 (0)20 7204 6186
Email: Jon_Smith@alescorms.com

 
About Alesco
 
    
 
  • As insurers Alesco is a fast-growing and dynamic insurance broker that specialises in property, liability, accident & health, contingency and related lines of business across a diverse range of industries from energy and construction to marine, aviation and fine art, just to name a few. Combining the strength and reach of a global brand, with the service levels and flexibility of a specialist independent broker, Alesco is committed to building confidence and creating certainty in your business.

    Clients across the globe rely on Alesco to identify, manage and mitigate risk – and to provide them access to the international insurance and reinsurance markets. Should clients require support in an individual specialism or the development of a single, comprehensive proposition across their portfolio, we have the proven skills and connections to serve all national and international interests.