Our highly experienced upstream oil & gas insurance specialists offer a wide range of cover, including property and casualty cover, to conventional and non-traditional operations all over the world.

Oil & gas reserves are depleting; exploration, production and construction activities are being driven into more challenging offshore and onshore terrain. Wells are becoming deeper and more challenging, as technology permits exploration in previously out-of-reach areas. The markets are volatile. Traditional sources are being challenged by new sources, such as shale gas.

To help exploration and production companies keep pace with such continual change, we offer an agile and highly flexible risk-transfer strategy. Our specialist upstream team has been carefully handpicked from among the most knowledgeable and experienced brokers in the London market.

Our clients

We support a wide range of independent and multinational upstream clients in the oil & gas industry, all over the world but especially in North America, the Middle East and Europe. Our facility covers around 50% of the USA’s rig fleet, and 65% of the Canadian fleet, and 10 of the top 15 pressure-pumpers.* Clients include exploration and production companies, drilling contractors, oilfield service companies and integrated energy companies. We cover newer technologies such as shale-gas exploration and production, as well as horizontal and other non-conventional drilling.

Why work with Alesco RMS?

  • We have many years’ experience in exploration and production, employing one of the strongest specialist broking teams for the sector in London and with an award-winning reputation for service excellence. This explains why we have a 98% client-retention rate (based on 2015 – 2016 figures).
  • We are a fast growing global energy broker, placing up to £2bn in limit. We have considerable shale-gas experience, and look after one of the largest exploration and production companies in North America.
  • We have strong relationships with key underwriters; thanks to our client base and our fresh approach to the market, we are actively courted by leading London, European, MENA and Asian insurers and reinsurers.
  • We are innovative, adding extensions and placements to bespoke policies to reflect the changing nature of oil & gas exploration and production.
  • We understand the importance of local risks and insurance regulations/customs, with access to local insurance in around 150 countries.
  • We’re the only specialist energy broker to have claims, financial consulting and risk modelling specialists embedded within our broking teams, offering a streamlined, efficient and end-to-end service for clients.
  • We’re one of the few brokers not to outsource any part of our claims service. The team has a deep understanding of the oil & gas exploration and production industry, and will relentlessly pursue claims on behalf of our clients. In 2015-16, they settled £65m of claims.

Types of insurance

We offer a wide range of coverage, and can include:

  • Property damage insurance (including sudden & accidental)
  • Protection & indemnity cover
  • Control of well/operator’s extra expense
  • Business interruption/loss of production income/loss of hire
  • Construction
  • Third-party/excess liabilities
  • Oil Pollution Act (OPA) coverage
  • Sleep-easy wording.

Please get in touch

If you’re an exploration and production company looking for insurance for the first time or keen to find more robust cover at a more competitive price, make sure you talk to us first. Our key contacts are listed below.

View our glossary of insurance terms

Exploration & Production Insurance Solutions Key Contacts