Energy Insurance

Partner with energy insurance experts that have deep industry understanding and provide risk services across the full range of energy sector needs

Gallagher Energy operates globally, with major hubs in Asia, Australia/New Zealand, UK/Europe, Africa, and the Americas. Gallagher services some of the largest energy insurance placements in the market. With our extensive experience and global network, we offer comprehensive risk management and insurance solutions tailored specifically to meet the needs of energy companies operating in Asia.

Our specialists provide risk placement and transfer solutions across multiple disciplines. We understand the sector and associated risks, including physical risks, a-typical solutions, contractual, legislative, and regulatory risks imposed upon the business. We structure programs that are able to be accepted by financial institutions, enabling investment.

One of our key capabilities is providing interpretation and advice on policy wordings. The policies we craft can help energy companies de-risk, enter new markets and provide a competitive edge to assist our clients in achieving commercial objectives. As one of the largest and most experienced energy insurance practitioners in the market, our energy sector experts are familiar with the complex challenges and changing conditions in exploration, production and distribution of energy sources.

Our focus is on providing advice ensuring our client's risk transfer approach is most suited to their needs, accounting for their risk profile and financial balance sheet. We take a holistic approach to risk through potential alternate risk transfer mechanisms such as parametrics, captives and risk financial modelling. We are also able to offer our clients an all-encompassing approach to risk and risk transfer, drawing on the expertise of our colleagues in other specialty divisions such as financial lines and construction.

Addressing the risks of energy exploration

The Gallagher Energy practice has represented some of the most complex placements in Asia. We work collaboratively with our wide network of specialist teams to provide a complete solution for bespoke policy wordings, program design, placement solutions, and consulting support to meet your needs as they evolve in real time. Our wide range of capabilities allows us to deliver a dynamic, cross-class risk management program to ensure that your business can mitigate the inherent risk exposures at each stage of the energy life cycle.

Specialist risk management and insurance solutions

• Upstream exploration and production
• Midstream
• Downstream
• Power and Utilities
• Contractors

Through our experience and global support, we can provide our clients with expertise in the following core insurance classes:

• Operators Extra Expense (Control of Well) — Upstream only
• Property Damage, both onshore and offshore
• Loss of Production Income / Business Interruption
• Construction All Risk & Erection All Risk, including Delay in Start Up
• Third Party Liability
• Marine Cargo
• Parametric solutions
• Political Risk Insurance
• Decommissioning Insurance
• Downhole tools

Innovative solutions for Asia's renewable energy landscape

Renewable energy is a fast-growing energy source in Asia, and the landscape is becoming increasingly complex. Developers, project owners, and operators in this rapidly evolving sector must address increased risk management demands that come with the accelerating global energy transition. Gallagher is playing a key role in assisting our clients to incorporate risk management strategies to proactively mitigate emerging risks. We provide bespoke insurance solutions across all sub-sectors of renewable energy, assisting clients from single project owners to multi-asset portfolios held by utilities and global investment funds.

With extensive experience in the energy industry, we are a trusted partner in the renewable energy sector. Our team of experts is dedicated to providing comprehensive solutions that address the unique challenges faced by businesses looking to adopt renewable energy technologies.

Specialist renewable energy risk management solutions

By utilising the skills of our broking specialists in energy, construction, and mergers and acquisitions, we're able to formulate bespoke insurance solutions across all phases of renewable energy project development and operations.

These include:

• Onshore wind
• Offshore wind
• Solar
• Battery Energy Storage System (BESS)
• Geothermal Energy
• Hydro
• Wave and tidal
• Biomass and Energy from Waste (efW)
• Hydrogen

Comprehensive insurance solutions at every stage of the energy life cycle

We work collaboratively with our wide network of specialist teams to provide a complete solution for bespoke policy wordings, program design, placement solutions and consulting support to meet your needs as they evolve in real time.

Our wide range of capabilities allows us to deliver a dynamic, cross-class risk management program to ensure that your business can mitigate the inherent risk exposures at each stage of the energy life cycle.