Global Energy, Power and Renewables Insurance

From exploration to decommissioning, our experience takes your business further.

As one of the largest and most experienced groups of energy insurance practitioners in the market, our specialist team's presence in each key global energy hub means we can provide tailored risk management solutions to each energy sector and client.

Whether your objective is to de-risk your balance sheet, enter a new market or prepare for the unexpected, our energy division can help you do more than just transfer risk. Our team leverages both domestic and international relationships that, combined with bespoke policy wordings and financial products, ensure our clients receive beneficial terms and conditions — because we know who to approach and when to approach them.

Our specialists constantly monitor regulatory and legislative changes that have implications for the energy sector, and we work with the industry and regulatory bodies to ensure understanding and compliance. You benefit from our ability to be flexible and adaptable, with extensive experience in developing and placing programmes for stand-alone or niche exposures.

We are determined to support the long-term growth and success of your business, so you can face the future with confidence.

Over the last decade, Gallagher has assembled one of the largest and most experienced groups of energy insurance practitioners in the market with access to offices in the world's key oil and gas regions.

The volume of information relating to most oil and gas risks is significant. In recent years, changes in insurance legislation have seen an increased focus on the basis upon which such information is disclosed to underwriters. In particular, recent changes in insurance legislation have sought to prohibit 'data dumping' of large volumes of information.

Accordingly, our team members are available to work closely with our clients, at the earliest possible phase of the risk transfer process, in order to ensure information is presented to underwriters in the appropriate manner.

In our experience, clients' contractual exposures often require careful consideration in order to ensure that an effective insurance programme is in place. Our team's breadth of experience enables us to liaise effectively with our clients to assess their contractual exposures and the potential impact upon their insurance requirements.

Our expertise includes:

Upstream
Downstream
Midstream
Risk Consulting

Matt Byatt

Executive Partner, Head of Upstream

London, England

Phone Number +44 7717 727 080

Glyn Davies

Executive Partner, Head of Downstream

London, England

Phone Number +44 7957 776 395

Our dedicated Energy Casualty team focuses on the unique and often complex risks associated with the energy sector.

With strong market relationships and a solutions-driven approach, we work with insurers across the globe in order to achieve optimal results tailored to our clients' risk management needs. Our clients include organisations operating in the following areas:

Multinational integrated energy companies with global programs
Refining and distribution
Exploration and production
Offshore contractors
Offshore construction
Midstream operators — storage, pipeline transmission and hydrocarbon processing
Power utilities
Renewables

Billy Quelcutti

Partner, Energy Casualty

London, England

Phone Number +44 7548 093 631

Our specialist Power Generation team assists clients in both traditional and alternative placement strategies, with our expertise being complemented by our risk consultancy and analytics team.

The team has extensive experience in challenging placements, complex programme design and execution in both developed and developing economies. The strength of our relationships with key underwriters assists us in being able to provide our clients with the most competitive and compelling solutions available in the marketplace.

We offer the full breadth of placement capabilities and risk management services to all companies in the power sector, ranging from multinational utilities to individual power plants and distribution companies. We cover all aspects of construction through to the operational phase and beyond.

Our in-depth industry knowledge and our data-driven approach ensures that we constantly deliver innovative results for the many sources that we work for, including independent power producers (IPPs), vertically integrated electricity companies and global utilities across both the private and state sectors.

Jon Parker

Executive Director, Head of Power

London, England

Phone Number + 44 20 3425 3421

Our Renewables team serves clients ranging from single project owners to multi-asset portfolios held by utilities and global funds.

The team provides risk insight across all sub-sectors within renewable energy and has successfully handled claims for some of the largest losses in the sector.

We access the global pool of insurers writing renewable energy. The changing market landscape has emphasised the importance of our market relationships to ensure an optimal balance of risk, coverage and insurer value. In addition, our technical understanding of the project lifecycle enables sharing of risk mitigation guidance to clients. We provide clients with prompt and up-to-date input, which ensures the insurance solutions obtained align with requirements whilst maximising value from the market.

Our expertise includes:

Offshore wind
Onshore wind
Solar
Battery and Energy Storage Systems (BESS)
Geothermal
Hydro
Wave and Tidal
Biomass and Energy from Waste (EfW)
Hydrogen

Duncan Gordon

Head of Renewable Energy

London, England

Phone Number +44 20 7560 3115

The global energy market has always been volatile and Oil & Gas, Power & Infrastructure, and Renewables make up the bulk of the Political Risks insurance market.

The risks fall into 3 very broad categories:

Political Risks and Country Economic Risks (e.g. expropriation, changes to tax rates, contact cancellation/repudiation)
Credit (Counterparty Non-Payment/Default) Risks whether for private counterparties or public, such as a sovereign government
Terrorism, Political Violence and War related risks.

While location, sector and project are important determining factors on the risk profile of an investment territory, the underlying activity that a company is undertaking will also adjust their risk exposure:

Construction or operation of permanent investments (e.g. local exploration and production operations)
Management of locally-held, 'mobile' assets (e.g. construction equipment, stocks of commodities)

Political Risk Insurance (PRI) policies are built bespoke around the underlying activities and the investment contract of the insured, so dependent on which above category is relevant, the policy wording will change to reflect the differing risks.