Optimum insurance cover for oil and gas companies
Customized risk solutions with world-wide market knowledge
Munich Re, with its deep understanding of risks, is in a strong position to partner with today’s oil and gas companies in transitioning to tomorrow’s energy economy. With special risk-transfer solutions for project- or performance-related risks and natural catastrophe covers, insurers can play a key role as enablers and credit risk enhancers. In addition, the engineering and natural catastrophe knowledge and experience gathered in decades of risk assessment for the energy industry make insurers suitable advisors and consultants for innovative energy projects.
We have been underwriting the Downstream Energy market for over 35 years and is recognized as a market leader in this class of business in both the London and international Energy insurance markets. We deliver strong technical underwriting for this demanding sector throughout the underwriting cycle. We also have in-house risk management resources that can be utilized for site surveys, asset reviews and client technical liaison. As a result of our diverse and unique skill set, our client base encompasses a broad range of companies across the globe.
Whilst our primary focus is on insurance for downstream oil and gas industries, we also offer integrated products.
- Property damage
- Business interruption, or loss of production income
- Operators’ extra expense (OEE)
- NatCat assessment
- Additional covers and services
Munich Re Facultative & Corporate (F&C) brings together our worldwide facultative and corporate business in one unit.
The industries we serve
- National oil companies
- Fully-integrated and/or global oil & gas companies
- Members of OIL Limited
- Midstream companies
- Downstream companies
- Gas processing plants, onshore pipelines, terminals and LNG facilities
- Refining companies
- Petrochemical and specialty chemical companies
- Fertiliser companies
- Exploration and production companies, upstream operations
- Offshore risks when in combination with onshore