Security

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

Lloyd’s of London USD52,500,000 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 USD28,000,000 any one risk

Currently, OOUL’s maximum line is USD93,000,000 (net of any facultative reinsurance) any one risk (all clashing interests combined) for reinsurance business and USD65,000,000 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. DA Strategy Global GmbH UK Branch trading as Oilfield Offshore is a trading name of DA Strategy Global GmbH incorporated and registered in Germany, with authorisation according to § 34 d para. 1 GewO and registration number: D-6AA6-0V31H-31. Court of registration: Hamburg HRB 165919, acting through its London Branch with UK establishment number BR023132.