Energy, Power & Mining

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A trusted leader in the marketplace,  Swiss Re Corporate Solutions provides large capacity risk transfer structures in the Energy, Power and Mining segment. 

Our team of experts offers a wide range  of risk transfer and risk financing products for clients constructing and operating  in oil and gas, utilities and power, petrochemical and mining sectors. 

Energy, Power & Mining

The core business of the Energy, Power & Mining team of Swiss Re Corporate Solutions is providing high-capacity insurance for property and casualty risks.

We offer innovative financial service solutions through our network of affiliated broker dealers. We specialise in providing companies across the world with customised solutions for risks within the respective industry segments.

Innovative Risk Solutions (IRS)

Access to the highly experienced Innovative Risk Solutions team to evaluate alternative risk transfer solutions in the areas of captive protection, parametric solutions, weather solutions or non-physical damage business interruption coverages for Energy, Power and Mining sectors.

Claims Commitment

At Swiss Re Corporate Solutions, claims service means something more than simply a promise to pay. Our experienced team of insurance professionals seek to understand and meet the needs of insureds and brokers and provide the highest quality of customer service. 

Target industries

 ̤ Upstream energy (exploration and production, drilling contractors)

 ̤ Midstream energy  (pipelines, LNG facilities, tankage)

 ̤ Downstream energy  (refining & marketing, petrochemicals)

 ̤ Mining (hard rock, soft rock, surface and underground, primary smelting)

 ̤ Power and utilities (power generation, including alternative energy, electricity and gas distribution, large water treatment and sewage plants)

Our capacity

We offer among the highest capacity available in the marketplace, based upon the Swiss Re Group’s diversified portfolio and strong financial rating.

S&P: AA- (stable); Moody’s: Aa3 (stable); A.M. Best: A+ (stable)

Contact

Cornelia IacobacciCornelia_Iacobacci@swissre.com+41 43 285 6673

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Upstream Energy at Swiss Re Corporate Solutions covers all assets and activities  in the exploration and production of hydrocarbons, from their natural state  until processing. We provide coverage for upstream construction, operators extra expense, upstream property damage and business interruption (LOPI/LOTI/LOH) and third party liabilities.

Upstream Energy

Target clients ̤ Vertically integrated international oil 

companies ̤ Independent E&P companies

 ̤ Contractors (drillers, construction companies)

 ̤ Service companies (geophysical,  well service)

Minimum  attachment points

ContactLee HayzeldenLee_Hayzelden@swissre.com+44 207 933 4812

Product offerings and requirements

up to USD 150 million (non-NatCat) dependent on risk quality, structure, coverages and accumulation factors

traditional and non-traditional coverages  (e.g. parametric deals)

(e.g. EED 8/86, LSW 244/245, London Platform form, WelCar, Nordic Plan)

above frequency losses, generally USD 500,000 to  USD 1 million depending on occupancy and 60 days waiting period

Capacity

Coverages

Standard market wordings

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Downstream Energy at Swiss Re Corporate Solutions provides property damage and business interruption coverage for the oil and gas industry, downstream and mid-stream sector. 

Participation

Capacity

Minimum  attachment  

point

Minimum  deductibles

Product offerings and requirements Downstream Energy

We cover ̤ Oil refineries, gas processing, gas treat-

ment, LNG and petrochemical plants

 ̤ Pipelines, terminals, oil and natural  gas storage (above and below ground)

Target clients ̤ Global and domestic oil and gas compa-

nies with minimum total insured values  of USD 100 million.

quota share or excess of loss, share between  5% to 15% for downstream, larger shares for midstream

up to USD 150 million for “A” rated quality risks,  average capacity deployed USD 50 million

above frequency losses  (typically no more than one loss in 5 years)

 ̤ downstream property damage USD 1 to 5 million / business interruption 60 days waiting period

 ̤ midstream property damage USD 100,000 / business interruption 30 days

Product offerings and requirements

ContactKashe SambhiKashe_Sambhi@swissre.com+44 207 933 4760

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The Mining team at Swiss Re Corporate Solutions provides property damage, business interruption, all risk as well as boiler and machinery coverage for surface and underground mining operations.  That includes hard rock, soft rock and primary smelting and refining.

Mining

Target clients ̤ Large and mid-sized companies as well 

as growing junior companies in the  mining sector 

ContactLars GonoLars_Gono@swissre.com+41 43 282 8557

Sub-limits/ exclusions 

Product offerings and requirements

up to 20% on quota share basis. May have to look  at excess layers depending on deductibles, risk quality and loss history

USD 250,000 for property damage and 30 days for business interruption. Higher deductibles required  depending on exposure 

critical coverages or extensions such as tailings storage facilities, underground, haul roads, contingent business interruption, port blockage, ingress-egress require an appropriate sub-limit 

Capacity

Minimum deductibles

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The Power & Utilities team at Swiss Re Corporate Solutions provides property damage, business interruption, all risk as well as boiler and machinery coverage for power and utility companies with insured assets greater than USD 200 million. 

Power & Utilities

Target clients ̤ Large and mid-sized power and utility 

companies, independent power  producers and renewable energy companies 

ContactKashe SambhiKashe_Sambhi@swissre.com+44 207 933 4760

 

Product offerings and requirements

up to USD 300 million for quality risks

property damage USD 50,000 / business interruption 30 days (depending on technology and megawatt  output)

on quota share or layered program

for forced outage business interruption (ELPRO) coverage (double trigger: some non-physical  damage components)

Minimum deductibles

Capacity

Ability to participate

Additional offering

Swiss Re Corporate Solutions Mythenquai 50/60  P.O. Box 8022 Zurich  Switzerland

Telephone +41 43 285 2121 Fax +41 43 285 2999 corporatesolutions.swissre.com

Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Its innovative, highly customised products and standard insurance covers help to make businesses more resilient, while its industry-leading claims service provides additional peace of mind. Swiss Re Corporate Solutions serves clients from offices worldwide and is backed by the financial strength of the Swiss Re Group. For more information about Swiss Re Corporate Solutions, please visit corporatesolutions.swissre.com or follow us on Twitter @SwissRe_CS.

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