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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.

Our offerings

  • 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.

oils and gas conpanies
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Special risk-transfer solutions make Munich Re a strong partner

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

5 reasons why you should talk to us

Due to the nature of the industry, you are highly exposed to large losses such as those occasioned by vapor cloud explosions, run-away reactions, tank fires, etc. We are one of the leading Oil & Gas insurers with world-wide market knowledge. Our experts understand your business.
As part of the Munich Reinsurance Group we write business directly onto our balance sheet without the need for any third-party re-insurance involvement. This makes us a reliable partner for the long term.
Our in-house experts are ready to develop tailor-made solutions for a changing risk-environment with you.
Our world-wide mandate allows us to follow your risks and provide you with expertise gained from a long-term track record both global and local.
With dedicated teams we offer experience and solutions for e.g. weather or natural catastrophe-related risk transfer

How you profit from our solutions

35 +years of experience in underwriting the downstream energy market
Strong technical underwriting throughout the underwriting cycle
A recognized market leader in both the London and international energy insurance markets
Contact our expert
Stefan Riedel
Stefan Riedel
Chief Underwriting Officer Energy
Munich Re Facultative & Corporate
Henrik Lund
Henrik Lund
Underwriter Manager Oil & Gas
Munich Re Facultative & Corporate
Fabrizio Zoni
Fabrizio Zoni
Business Development
Munich Re Facultative & Corporate