Security

OOUL is an accredited Lloyd’s coverholder that holds binding authorities with the following markets:

Lloyd’s of London USD50,000,000 any one risk

HDI Global Speciality SE USD12,500,000 any one risk

China Taiping Insurance (HK) Company Limited /
China Pacific Property Insurance Company Limited /
China Pacific Insurance Company (HK) Limited USD33,000,000 any one risk

Currently, OOUL’s maximum line is USD95,500,000 (net of any facultative reinsurance) any one risk (all clashing interests combined) for reinsurance business and USD62,500,000 for insurance business.

Our Chinese binder is in respect of reinsurance business only, but this binder can write upstream and downstream risks (downstream normally via our Aspire sister agency).

As a managing general agent, OOUL does not have a financial rating but all binder security is rated by A.M. Best and/or Standard and Poor’s. Latest ratings can be found on the respective company websites.

Oilfield Offshore Underwriting Limited is authorised and regulated by the Financial Conduct Authority Firm Reference Number (FRN) 787475. London Global S.r.l. trading as Oilfield Offshore Underwriting is authorised and regulated by IVASS, Italy (A000620496) and the Financial Conduct Authority (849073).