The oil & gas refining & petrochemical sector is complex. It faces very specific risks, and the markets can be volatile. You need an insurance solution which can handle changing conditions, changing technologies, and changing risks.

We offer access to the most appropriate insurance underwriters for every stage of your oil & gas refining and petrochemical plant. We provide tailored insurance and reinsurance solutions right across the hydrocarbon industries, right around the world –  from refining, petrochemical and fertiliser companies through to LNG plant owners, transport companies and distribution businesses.

Why we’re different

  • Alesco RMS offers a fully integrated, hands-on service – from advice and support well in advance of your requiring cover all the way through to claims negotiation. And it’s all under one roof, which means a seamless approach from people who know each other and talk to each other.
  • We specialise in resolving challenging placements: partly because we’re just very determined, and partly because of our innovative approach: we know that the best solution isn’t necessarily the most obvious one. For example, by combining London and international reinsurance hubs, we can access a wide range of market classes spanning cargo, property, heavy industry and oil, helping to ensure we find the best home for your business. We also have strong relationships with those underwriters who have a healthy appetite for this type of business.
  • We have a deep understanding of the technologies and technicalities of the oil & gas refining and petrochemical industries, which means we can offer well-informed, specialist advice alongside our placement and claims services.
  • We have direct experience of advising both large and small businesses on the inherent exposure involved in successfully managing their risks.

Our services

  • Advisory services – For us, arranging insurance is much more than a transaction. Thanks to our extensive experience, we can offer specialist advice about your position and risks. For example, we’ll help you to develop your risk allocation and create your insurance marketing strategy.
  • Placement – We will tailor policy wordings for you, approach the most relevant underwriters in the right markets (including all of the major London, European, Bermudan and worldwide insurance and reinsurance markets), and place the insurance programme you require.
  • Alternative risk transfer – Alesco RMS offers a range of specialist alternative risk transfer services, including actuarial, consulting and modelling support.
  • Claims management – Our claims team is based within our broking team, right here in the City of London. That’s because we see claims as an integral part of the insurance offering: we’re only as good as the claims we can settle to your satisfaction.

Our clients

Alesco RMS serves refining & petrochemical clients all over the world, ranging from singleton operators in the UK to Fortune 500 companies. Some operate the biggest and most complex oil & gas projects in the industry, including:

  • Gas plants
  • Ammonia plants
  • Refining works
  • Petrochemical plants
  • Liquefied natural gas plants
  • Pipelines
  • Infrastructure
  • Storage, logistics and middle-stream distribution networks.

Within these, we can act as consultant and retail broker to the end client, and well as wholesaler with insurance companies.

Types of cover

Alesco RMS has significant expertise of providing a wide range of cover for the oil, gas & petrochemical industries, including:

  • Property damage insurance
  • Machinery breakdown cover
  • Business interruption insurance
  • Contingent business interruption cover
  • Sabotage and terrorism cover.

Please get in touch

Our refining & petrochemical team will be delighted to hear from you. Our key contacts are listed below.

View our glossary of insurance terms

Refining & Petrochemical Insurance Solutions Key Contacts