
Energy
Contact the Energy insurance team today to find out more
email usEnergy insurance
MNK Re provides coverage for a full range of energy insurance products including but not limited to upstream, midstream and downstream energy as well as operational mining to customers worldwide, including North America, the Far East, North Africa and South East Asia.
We also specialise in solutions for small-to-medium sized ventures that operate offshore as well as offshore. The coverage includes energy property physical damage, offshore construction all risks, excess third party liability, business interruption, operators’ extra expenses, removal of wreck / debris, sue and labour and control of well risks. We can also support renewal energy cover.
Typical clients under energy insurance from MNK Re include the following:
Operators – private & publicly traded companies, national oil companies, OIL members
Contractors – mining, drilling, service and construction entities
Upstream energy
Target market
- 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
Midtstream Energy
Target market
- Gas & liquid transmission pipeline companies
- Terminal operators
- Storage
- Gas distribution
Coverage includes
- Repair and replacement costs following physical damage to property
- Gross or net earning basis business interruption
Downstream / Onshore Energy
Onshore 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
Extraction and processing of valuable minerals such as precious stones / commodities such as gold, copper, base metals including zinc and nickel, platinum group metals, diamond, iron ore.
Coverage
Physical damage relating to: Surface mineral extraction, processing, shipment and all other operations related to insured mining business properties in respect of:
- Tailing dams equipment
- Open pit haul roads
- Inland transit
- Machinery breakdown
- Business interruption
- Third party liability
- Terrorism & political violence
Geographical area
Worldwide
Power & renewable energy insurance
MNK Re provides support for worldwide coverage for a range of power, utilities and renewable energy risks. Our policies cover all risks of direct physical loss or damage and include machinery breakdown and ensuing time element to companies involved in electricity generation, electricity and gas transmission and distribution, as well as in the development construction and operations of renewable energy assets. Our experienced team of brokers have a high degree of industry specific knowledge and work closely with clients to enhance risk management, safety management systems and quality assurance. 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 power generation insurance 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. Offering expertise and leadership, we provide coverage for all types of power generation facilities − conventional thermal, nuclear, hydroelectric and onshore renewables.
Power & Utilities
Target market
- Independent oil and gas companies
- Integrated energy companies
- State oil and gas companies
- Drilling contractors
- Service contractors
Coverage
- All risks’ property damage
- Machinery breakdown
- Business interruption
Renewable energy
Target markets
- Concentrated solar power (CSP)
- Solar PV
- Wind
- Battery energy storage systems (BESS)
Coverage
- All risks’ property damage
- Machinery breakdown
- Business interruption
Geographical area
Worldwide
Contact the Energy insurance team today to find out more
email us