loading...
Language

Energy Reinsurance

Powerful Reinsurance for the Future of Energy

The energy sector is vast, complex and laden with risk. But without a constant drive for operational consistency and technological innovation, the real risks might be felt on a global scale. With Mekong Re’s specialist energy reinsurance, you can embrace those risks in pursuit of your goals, knowing that your business is always fundamentally safe.

Mekong Re protects energy exploration & production businesses, both onshore & offshore. This includes physical damage to infrastructure & buildings, as well as expenses resulting from loss of hire, business interruption, control of well or re-drilling.

Our Approach to Energy Reinsurance

We offer cover for a complete range of energy insurance products — upstream, midstream and downstream, as well as operational mining insurance. We also specialise in solutions for small-to-medium sized ventures that operate both on- and offshore, and those majoring in renewable energy.

Upstream

Focus Areas
  • Independent oil and gas companies
  • Integrated energy companies
  • State oil and gas companies
  • Drilling contractors
  • Service contractors
Coverage
  • Indemnity to repair or replace damaged property
  • Sue and labour
  • Removal of debris expenses
  • Loss of production income
  • Control of well
  • Redrill and restoration expense
  • Pollution from wells and legal liabilities

Midstream

Focus Areas
  • Gas & liquid transmission pipeline companies
  • Terminal operators
  • Storage
  • Gas distribution
Coverage
  • Repair and replacement costs following physical damage to property
  • Gross or net earning basis business interruption

Downstream

Focus Areas

Downstream energy encompasses all aspects of oil, gas and petrochemical operations, such as the complex refining of crude oil, the cracking of hydrocarbons into the many petrochemicals it produces, or the transportation and storage of oil, gas and petrochemicals.

Coverage
  • All risks property damage
  • Boiler explosion and machinery breakdown
  • Catastrophe
  • Business interruption
  • Resulting time element caused by a vapour cloud explosion, fire, or a natural catastrophe such as wind, earthquake and flood

Operational Mining Insurance at a Glance

Focus Areas

This is a broad insurance category covering  all aspects of the extraction and processing of valuable minerals — such as precious stones, commodities such as gold, and base metals

Coverage
  • Tailing dams equipment
  • Open pit haul roads
  • Inland transit
  • Machinery breakdown
  • Business interruption
  • Third party liability
  • Terrorism & political violence

Power & Renewable Energy Insurance

What It Is

Mekong Re’s experienced and knowledgeable team works closely with clients to enhance risk management, safety management systems and quality assurance within the renewable energy sector. We provide specialist support for a worldwide portfolio consisting of regulated and non-regulated power generators, independent power producers, gas and water utility companies and midstream companies.

Our reinsurance coverage is suited for a variety of energy businesses, including the operators of steam and gas turbines, desalination plants, and hydroelectric, geothermal, wind and solar plants. Coverage can be written on an all-risk basis, including machinery breakdown, natural catastrophe perils and time element. We also provide coverage for all types of power generation facilities − conventional thermal, nuclear, hydroelectric and onshore renewables

Power & Utilities Insurance at a Glance

Focus Areas
  • Independent oil and gas companies
  • Integrated energy companies
  • State oil and gas companies
  • Drilling contractors
  • Service contractors
Coverage
  • All risks property damag
  • Machinery breakdow
  • Business interruption

Renewable Energy Insurance at a Glance

Focus Areas
  • Concentrated Solar Power (CSP)
  • Solar PV
  • Wind
  • Battery Energy Storage Systems (BESS)
Coverage
  • All risks property damage
  • Machinery breakdown
  • Business interruption

News & Insights

Discover bleeding edge market analysis, trends, insights and more on our News Feed.

Talk to Us About Your Energy Coverage

To talk to us about your unique energy reinsurance requirements, contact one of our helpful specialists.

Careers

Working at Mekong Re is fast and dynamic. It’s diverse and inclusive, and provides a world of possibility for advancement and innovation — all while helping people to look after the things they care about the most.