Upstream & Midstream Energy Insurance
Bespoke solutions for complex risk
The energy sector is dynamic, continuing to adapt to economic and political landscapes, technologies and nature itself. Travelers underwriters have the high degree of specialist knowledge required to assist clients with the changing risks they face as the industry continues to innovate and evolve.
Oil and gas claims can also be complex. Our highly skilled energy claims professionals have a technical understanding of these risks and are available to assist in resolving claims quickly and effectively. Combined, our energy underwriter and energy claim teams are a leading provider of oil and gas insurance.
Travelers offers worldwide coverages for businesses involved in the exploration and production of oil and gas, including midstream operations.
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
Our target business is operating risks associated with the upstream and midstream oil and gas industry combined with offshore construction risks. Insureds can include:
- Independent oil and gas companies
- Integrated energy companies
- State or national oil companies
- Drilling or service contractors
We provide coverage for a wide range of energy risks, including:
- Offshore platforms
- Floating production storage and offloading (FPSO) units
- Subsea field infrastructure and pipelines
- Mobile offshore drilling units
- Onshore gathering and processing
- Oil lease property
- Gas plants
- Onshore pipelines and storage
We do not cover
Sorry, we’re currently unable to insure the following.
- Refining
- Petrochemical
- Nuclear
Travelers advantage
In a dynamic world, things don’t always go to plan. Travelers offers expertise you can count on to address diverse risks thanks to a detailed and bespoke underwriting process.
- Financial strength. Financial strength and stability with international reach.
- Experience & expertise. Long-term industry experience combined with deep specialist underwriting expertise.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- Multinational reach. Tailored coverage and support in more than 150 countries.
Upstream and midstream covers & highlights
-
Physical damage
-
Business interruption/loss of hire
-
Operators extra expense/control of well
-
Liability
-
Line size US$75 million any one asset
Related products
Renewables
We can help resolve complex claims quickly with our specialist cover for companies that develop renewable energy assets and services.
Power & utilities
For businesses involved in the transmission and distribution of electricity and gas, Travelers can provide cover that helps mitigate risk and minimise loss.
Marine & energy liability
When it comes to marine liability, our team writes a global portfolio of risks across all major classes, with cover tailored to your requirements.
Crisis management
Our Crisis Management team helps ensure clients have the security to take on desired challenges. We take pride in our technical underwriting, risk consulting and professional claims capabilities.
Let’s start the right conversation
For business
Find a broker
If you’re looking for covers and have a broker, ask about Travelers products.
If you need a broker, start with the right broker directory.
Need to call us directly? Contact us.
Insights & industry knowledge
Articles to help your ambition succeed
Workplace Safety Resources
Creating a Safety Culture in the Workplace
Advice on how to create a safety culture in the workplace.
Cyber Security Resources
How Will AI Change the Cyber Risk Landscape?
Throughout 2023, there has been a steady increase in businesses’ computer networks being compromised – even though these organisations have taken steps to improve their cyber security.
Cyber Security Resources
As Ransomware Threats Climb Again, Businesses Need Peace of Mind
Cyber threats continue to keep business leaders on their toes. While the frequency of ransomware attacks dropped, the severity of these attacks is now on the rise.
