Energy – Oil, Gas, Petrochemicals, Renewables, Power and Water
The Energy sector is continuing to face pressures on multiple fronts, including competitive threats, geopolitical stressors, climate change, evolving decarbonisation legislation, price volatility, AI and skills shortages in emerging sectors.
In this challenging environment, insurance can provide the opportunity to derisk investments and attract the additional capital necessary to mobilise the climate transition. LMIS strives to develop long-term partnerships in this area, to build shared expertise and trust and optimise future access to scarce underwriting capacity.
The global push to achieve net zero and climate resilience will be a challenge for all economies and the insurance market will play a lead role in a smooth transition.
The energy team can evidence a real depth of knowledge and experience in this sector, with the team able to provide market leading insurance for onshore and offshore risks. We have a consistent track record of tailoring insurance cover for the needs of the client, with successful programmes across Africa and Eastern Europe.
The team are able to assist you with the following class specifications:
Upstream
Offshore operating risks, physical damage and business interruption
Offshore and Onshore Drilling Contractors
Limited Offshore Construction
Third Party Legal Liabilities, where part of a package
Selected Control of Well programmes
Midstream
Cover for storage, processing and transportation of petroleum products
Tank Farms and Terminals
Pipelines
Gas Processing/Compression
Liquid Natural Gas
Hydrocarbon Storage
Oilfield Property
Coal Gasification
Downstream
Onshore operating risks, physical damage and business interruption
Gas Plants/Facilities
Refining Operations
Storage Facilities/Tank Farms etc
Onshore Pipelines
Power & Water
Property Damage
Business Interruption / Contingent Business Interruption
Machinery Breakdown
Construction
Third Party & Excess Liability
Delay in Start-Up
