Our products
OOUL’s predominant focus is upstream energy risks, including onshore and offshore coverages, both operational and construction.
OOUL targets short/medium tail risks that are technically well rated, have a proven management team and positive loss history. Currently, the portfolio consists principally of the following classes of business:
- Offshore and onshore operating risks, physical damage and business interruption
- Offshore and onshore drilling contractors
- Offshore construction, both fixed assets e.g. platforms and mobile drilling units but usually avoiding delay in start-up risks
- Third party legal liabilities, where part of a package
- Control of well
It is not anticipated that OOUL will write the following areas/classes;
- USA Catastrophe exposed (both Earthquake and Named Windstorm) business
- Japanese Earthquake exposed business
- Taiwan Earthquake exposed business
- OFAC excluded business
- Stand-alone US control of well business
- Delay in start-up