Insurance Program Results
Energy Sector to Surge
Big growth will bring new capacity and possibly new losses to the energy segment as fracking takes center stage in what will likely become one of the fastest growing industries in the U.S. economy. There is already about $5 billion in premium up for grabs in the energy industry and high expectations of new opportunities to emerge, particularly in oil and gas production. Aspen, Munich Re, State National and ACE all have new programs in play while Ironshore recently expanded coverages. New coverage will be launched this year at MGA Energi Insurance Services, which has its own captive reinsurance company, Energi Re.
Copyright © Crittenden Research Inc., January 6, 2014
Energy (Excess)
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Biotech, Consultants/Consulting Risks, Contractors, Drilling/Petroleum Risks, Energy Companies, Mine/Mining Risks, Renewable Energy Risks |
|---|
Carriers: James River Insurance Co.
Coverage: Contractors Pollution , Excess, General Liability, Products Liability, Professional Liability
Limits: up to $11 million (Lead Excess or part of higher excess layer - supported or unsupported)
Energy - Primary
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Biotech, Consultants/Consulting Risks, Contractors, Drilling/Petroleum Risks, Energy Companies, Environmental Consultants , Mine/Mining Risks, Public Companies , Renewable Energy Risks |
|---|
Carriers: James River Insurance Co.
Coverage: Contractors Pollution , Excess, General Liability, Products Liability, Professional Liability
Limits: up to $1 million (MEL - Combined Single Limit), up to $5 million/$10 Million (CGL), up to $5 million Occurrence (Pollution, Professional, Products)
E&S Casualty- Energy
Administered By: Arch Insurance Group
Distribution: Direct/Broker
| Industries: |
Drilling/Petroleum Risks, Mine/Mining Risks, Renewable Energy Risks, Utility Companies |
|---|
Carriers: Arch Insurance Co.
Coverage: Commercial Auto, Excess, General Liability, Umbrella/Excess
Limits: up to $25 million
Loss of Production Income
Administered By: StarStone
Distribution: Carrier Direct
| Industries: |
Drilling/Petroleum Risks |
|---|
Carriers: StarStone National Insurance Co., StarStone Specialty Insurance Co.
Coverage: Business Income/Extra Expense, Business Interruption
Limits: up to $100 million
Offshore and Upstream Liability
Administered By: StarStone
Distribution: Carrier Direct
| Industries: |
Drilling/Petroleum Risks |
|---|
Carriers: StarStone National Insurance Co., StarStone Specialty Insurance Co.
Coverage: Legal Liability
Limits: up to $100 million
Offshore and Upstream Operation Physical Damage
Administered By: StarStone
Distribution: Carrier Direct
| Industries: |
Drilling/Petroleum Risks |
|---|
Carriers: StarStone National Insurance Co., StarStone Specialty Insurance Co.
Coverage: Property
Limits: up to $100 million
Offshore and Upstream Operators Extra Expense
Administered By: StarStone
Distribution: Carrier Direct
| Industries: |
Drilling/Petroleum Risks |
|---|
Carriers: Torus Specialty Insurance Co.
Coverage: Environmental/Pollution Liability
Limits: up to $100 million
Offshore Construction
Administered By: StarStone
Distribution: Carrier Direct
| Industries: |
Drilling/Petroleum Risks |
|---|
Carriers: StarStone National Insurance Co., StarStone Specialty Insurance Co.
Coverage: Construction/Builders Risk
Limits: up to $100 million
Oil and Gas Insurance Program
Administered By: U.S. Risk
Distribution: MGA
| Industries: |
Drilling/Petroleum Risks, Roustabouts |
|---|
Carriers: Colony Insurance Co., Markel Corp.
Coverage: Additional Insured, Environmental/Pollution Liability, Excess, Professional Liability, Umbrella/Excess
Limits: up to $1M/$2M/$2M (Primary GL), up to $1 Million (Automobile Liability), up to $5 Million (Umbrella/Excess GL (Access to $10 MM Excess))
Primary Casualty
Administered By: XL Catlin (Formerly Catlin)
Distribution: Direct/Broker
| Industries: |
Builders Risk/Home Builders, Contractors, Drilling/Petroleum Risks |
|---|
Carriers: Catlin Specialty Insurance Co.
Coverage: General Liability
Limits: up to $5 Million (General Liability (up to $5 Million per occurrence) )
Energy Specialty
Administered By: Zurich
Distribution: Carrier Direct
| Industries: |
Drilling/Petroleum Risks, Renewable Energy Risks, Workers Compensation |
|---|
Carriers: Zurich
Coverage: Commercial Auto, Excess, General Liability, Property, Umbrella/Excess, Workers' Compensation
Limits: up to $2 Million (Products and completed Operations Aggregate CSL ), up to $1 Million (Employer's Liability: Workers Comp: Statutory), up to $1 Million (Personal injury and Advertising Injury CSL ), up to $100,000 (Damage to Premises to You ), up to $1 Million (Auto (Combined Single Limit) ), up to $2 Million (General Liability ($1 Million per occurrence/ $2 Million aggregate) ), up to $10,000 (Medical Payments )
ThePUMPProgram
Administered By: Willis Programs
Distribution: Program Administrator
| Industries: |
Commercial Auto, Drilling/Petroleum Risks, Trucking, Trucking (Hazmat) |
|---|
Carriers: AIG
Coverage: Commercial Auto, Crime, General Liability, Inland Marine, Property
Limits:
Control of Well
Administered By: AmWINS
Distribution: MGA
| Industries: |
Drilling/Petroleum Risks |
|---|
Carriers: Lloyd's of London
Coverage: Control of Well
Limits: - - $20 Million (Control of Well), - - $5 Million (Care, Custody or Control; Higher Control of Well limits available on a facultative basis with prior approval)
Energy
Administered By: AmWINS Group, Inc.(Casualty)
Distribution: MGA
| Industries: |
Drilling/Petroleum Risks, Energy Companies, Mine/Mining Risks, Storage Tanks (Above/Under Ground), Utility Companies, Welding Supply/Distributors |
|---|
Carriers: AmWins Group, Inc
Coverage: Accidental Contamination, Blanket Limit, Equipment Breakdown, Boiler & Machinery, Contractor's Equipment, Contractors Pollution , Control of Well, Environmental/Pollution Liability, General Liability, Motor Truck Cargo
Limits: Please - Call for Limits
Environmental Engineers, Consultants & Contractors
Administered By: Freberg Environmental Insurance
Distribution: MGU
| Industries: |
Contractors, Drilling/Petroleum Risks, Environmental Consultants , Site Pollution, Waste/Recycling Services |
|---|
Carriers: W.R. Berkley Corp., Willis
Coverage: Commercial Package (BOP), Contractors Pollution , General Liability, Professional Liability
Limits: up to $16 million (Limit of Liability), $2500 - & Up (Minimum Premium)
Oil & Gas Contractors
Administered By: Crum & Forster (A Fairfax Co.)
Distribution: MGA
| Industries: |
Construction Equipment/Machinery/Materials, Contractors, Drilling/Petroleum Risks, Roustabouts |
|---|
Carriers: Crum & Forster Indemnity Co.
Coverage: Business Interruption, Commercial Auto, General Liability, Inland Marine, Monoline Worker's Compensation , Pollution Legal Liability, Property, Umbrella/Excess
Limits: up to - $10 million (Umbrella)