We recognise the importance of energy in all our lives, but also that many communities are still striving for basic energy security. This brings a set of responsibilities to balance these social considerations with the supply of stable and affordable energy and dependencies across global markets for energy, capital, raw materials and technology.
We believe in the value of building long-term relationships, many of which – for us and our customers – are measured in decades. As we build these relationships, we seek to use our knowledge and loss-adjusting expertise to support our customers when they face adversity and to help them recover from disruption.
We recognise that the shift from oil and gas to more sustainable energy is a vast undertaking and is taking place at differing paces across the global economy.
As farsighted partners, we know that consistency and reliability are always better than short‐term gain. And while markets are often volatile and uncertain, at QBE we will always strive to ensure our relationships are based on stability and consistency.
We know that an innovative approach to risk can make the difference between success and failure. Using our extensive experience and commercial expertise, we come up with creative solutions.
This makes us the perfect partner to help energy companies of all shapes and sizes, all over the world, complete a stable transition towards a lower-carbon future, while satisfying the demands of today.
From our bases in London, Singapore, Houston and New Orleans, we underwrite a range of activities, from exploration, production and drilling to transportation, refining, petrochemicals, LNG operations and renewables.
Every customer matters to us – and we aim to be always available, flexible and responsive to individual needs.
Our commitment to our customers doesn’t end with providing bespoke insurance products. At QBE, we have built our reputation around an ability to help businesses grow and adapt.
And when it comes to claims, our priority is to get you back on track as fast as possible after you’ve suffered a loss. We aim to be fair and transparent. That includes how we manage the largest settlements in the energy sector. We’ll support you through every stage in the process.
We have an excellent record for paying claims. As one of the world’s leading insurers, rated A+ by S&P’s, we have the financial strength and security to deliver on the promises we make.
Which is why many of the world’s leading and largest energy companies trust the management of their risks to QBE, some for more than 20 years.
Whilst the energy sector has always been adept at responding to change, we are excited to play our part by supporting your business in the transition to a lower-carbon economy in the coming years.
We cover upstream and downstream operators’ and contractors’ risks, including physical damage/loss, loss of production/business interruption and liability. We offer significant capacity of US$500m for upstream oil and gas companies; US$225m for downstream oil and gas companies; and US$150m for liability risks.
Read more about Natural Resources Insurance
We protect directors and officers of companies operating in the energy sector against the financial losses that can arise from actual or alleged wrongful acts. This includes defence costs and expenses, investigation costs and extradition costs.
Read more about Directors' and Officers' Liability
We enable companies operating in the energy sector to satisfy their duties under the Employers’ Liability (Compulsory Insurance) Act 1969 to insure against liability for bodily injury or disease sustained by employees.
Read more about Employers' Liability
Our Trade Credit cover protects companies operating in the energy sector from the damaging effects of customer insolvency and payment default, as well as non-payment due to political risks. It provides invaluable balance sheet protection, safeguards profit margins and improves access to finance.
Read more about Trade Credit
We cover companies operating in the energy sector against losses arising from war on land, confiscation and expropriation, political violence and terrorism. Cover includes compensation for losses affecting both fixed and movable assets, as well as business interruption and physical damage.
Read more about Political Risk, Political Violence and Terrorism
We offer protection from damage to your organisation’s physical assets, as well as any resulting disruption to your business. Our experience and expertise allow us to help construction and engineering firms of all sizes, from single-site operations to multinational conglomerates.
Read more about Property
We offer bonds that provide independent security to customers against losses or damage suffered as a result of their contractors or suppliers breaching their contractual obligations. Our team has in-depth experience and a flexible approach, and we are at the forefront of new product development.
Read more about Surety Bonds