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
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.
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.
Physical damage relating to: Surface mineral extraction, processing, shipment and all other operations related to insured mining business properties in respect of:
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