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Corporate Contact

Jerry Vasquez
One Liberty Plaza
53rd Floor
New York NY 10006

(212) 328-2384

Offshore Energy

Arch Insurance Group's Offshore Energy team provides coverage for the offshore interests of a wide range of energy clients.

CUSTOMER PROFILE

  • Fortune 2000 companies
  • Integrated oil companies
  • Independent exploration & production companies
  • Offshore drilling and service contractors

Offshore Energy interfaces with the following Arch complementary specialties:

  • Builders Risk/CAR/EAR
  • Energy Casualty
  • Executive Assurance
  • Onshore Energy

KEY FEATURES

Operating packages provide physical damage coverage for risks associated with offshore exploration, development and production of oil and gas worldwide. Additional coverages written in conjunction with operating physical damage risks include:

  • Operator's Extra Expense
  • Removal of Wreck
  • Loss of Production Income
  • Third Party Liabilities
  • Offshore Construction Risks
  • War and Terrorist Risks Offshore
  • Windstorm Damage both within a package, or Stand-Alone
  • Ability to write on an admitted or non-admitted basis

DISTRIBUTION

Select retail and wholesale producers

CAPACITY

  • $75 million in capacity for any one risk with agreed sub limits for Windstorm

Sublimits available

  • Mobile Drilling Rigs up to $25 million
  • CAR Projects up to $30 million

In addition, as part of the Arch Worldwide Energy team, we can provide combined property and casualty programs covering both onshore and offshore energy risks, written as a package or on a stand-alone basis.

Offshore Energy in the US is underwritten and serviced out of New York.

SUBMISSION GUIDELINES

  • Coverages/Limits required
  • Scheduled Values and Location details
  • Five Year Loss History
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Insurance coverage is underwritten by a member company of Arch Insurance Group Inc. This is only a brief description of the insurance coverage(s) available under the policy. The policy contains reductions, limitations, exclusions and termination provisions. Full details of the coverage are contained in the policy. If there are any conflicts between this document and the policy, the policy shall govern.

Licenses

Arch Insurance Group includes the following insurance companies:

Arch Insurance Company (a Missouri corporation, NAIC # 11150), which is licensed as an insurer in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands and Canada.

Arch Specialty Insurance Company (a Nebraska corporation, NAIC # 21199), which is licensed in the state of Nebraska and is eligible as an excess and surplus lines insurer in additional jurisdictions.

Arch Excess & Surplus Insurance Company (a Nebraska corporation, NAIC # 10946), which is licensed in the state of Nebraska and is eligible as an excess and surplus lines insurer in additional jurisdictions.