Aon's energy team in London consists of around 150 professionals who work with Aon colleagues in 120 countries to design and place energy insurance programs. The team provides risk management advice and insurance broking services to oil and gas companies. They have expertise in reviewing contracts and conducting risk engineering reviews to advise on insurance requirements and risk management. The team handles clients' needs from London and Houston and can provide solutions across the entire oil and gas value chain, including seismic, exploration, development, production, and decommissioning. Aon works to design multi-line "energy packages" that provide the broadest insurance coverage at the lowest premiums.

1. Risk. Reinsurance. Human Resources.
Aon Risk Solutions
Energy
Aon’s energy team in London consists of around 150 dedicated professionals. Working
seamlessly with Aon marine and energy specialist colleagues in 120 countries, we
deliver expert programme design, advice and placement with global and local
insurance markets. The team is supported by Aon’s in-house claims specialists and
engineers.
Global reach and extensive experience
Aon’s upstream energy team have a deep understanding
of energy risk and insurance across all disciplines of Oil
and Gas field development. We act as risk management
advisors and insurance brokers to numerous international
and national oil companies working in some of the
most politically complex areas of the world.
The upstream energy team handles the requirements of blue
chip companies from our hubs in London and Houston, and in
partnership with Aon Centres of Excellence on all continents.
A single team empowered to deliver value to
clients
Contract review
Aon’s upstream energy team has extensive experience
in the area of reviewing, analysing and advising its
diversified list of contractor and other offshore clients
in respect of the full range oil field contracts, from the
perspective of both insurance requirements and overall
risk management. When reviewing agreements for clients,
Aon engages interactively in detailed discussions about the
operations to be performed, the size of the project and the
allocation of risks and exposures between the parties.
Risk engineering review
Risk engineering reviews are extensively used by our
clients’ both as part of their own risk management, and
to support presentations to insurance markets. This is
especially true where prototypical technology is to be used
for a new project, where “start up” audits are an effective
way of helping underwriters be comfortable with a new
risk variant and thus avoiding additional premiums.
Aon’s risk engineering reviews typically address:
• The challenges posed by geographic locations for
project construction, operations and transit routes
• Field characteristics including water depth,
environmental and soil conditions
• Technical description of the works, focusing on main
project elements, fabrication, and installation
• Extent of new technology being employed
• Principle contractors and contractors equipment
A broad spectrum of industries covered
We are able to provide solutions to oil and gas companies
across a wide range of industry sectors:
• Seismic (Property Damage & Third Party Liability)
• Exploration (Drilling)
• Development (Construction All Risks)
• Production (Property Damage, Cargo, Operators Extra
Expense, Third Party Liability & Business Interruption)
• Decommissioning
Upstream Energy
Aon’s dedicated approach to energy risk management

2. Aon Risk Solutions
Energy
A wide array of solutions
The recognised approach to achieve the broadest coverage at the lowest premiums is to approach the
insurance market on an energy package basis. The idea of a multi-line or sectioned energy package is one
of the most successful vehicles for insuring oil and gas risks available in the commercial market place.
An energy package is a series of separate types of cover grouped together and, generally, insured by a
single set of underwriters.
The Energy Package Policy generally comprises of the following sub-sections:
Sections may lie dormant to be
activated only when required
A parity of coverage across all
interests
A consistency of philosophy
with regard to retention of risk
by way of deductibles/excesses
An enhanced relationship
with participating insurers
Reduced administrative burden
resulting from “sleep easy” type
cover requiring adjustment only
following expiry
Rating and coverage
improvements resulting from
“bulk buying”
Energy Package
Client Benefits
Physical Damage This section provides physical damage cover for assets
Operators Extra Expenses This section provides insurance for all wells, including but not
limited to drilling, producing and shut-in.
Third Party Liabilities This section indemnifies the group for any liability to third
parties resulting from any activity or operation worldwide.
Drilling Equipment and Consumable This section insures such equipment and any other equipment
that the Joint Venture is responsible for.
Business Interruption In the event of the loss of or reduction in income following loss
or damage to a producing facility (for example), this section
will respond to reimburse the Assured for the loss of revenue.
Offshore CAR The package can be extended to cover Construction or
Developmental projects providing a seamless handover to
operational coverage.
© Aon plc 2016. All rights reserved.
The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular
individual or entity. Although we endeavor to provide accurate and timely information and use sources we consider reliable, there can be no guarantee that
such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without
appropriate professional advice after a thorough examination of the particular situation.
Aon UK Limited is authorised and regulated by the Financial Conduct Authority.
FP GBCE0003
Aon’s Global
Broking Centre
energy team:
advocacy and
added-value
The energy business
unit in the Global
Broking Centre is proud
of the wide range of
added-value services
we can offer to Aon’s
global network. This
set-up enables us to
offer Aon clients a
seamless delivery that
optimises protection,
cost efficiency and
compliance across all
marine and energy risk
and insurance disciplines.
Claims service is critically
important according
to nearly all clients
responding to our
Client Promise surveys.
Our team provides
in-depth review service
with a broad range
of experience and
expertise in the area
of insurance wordings
and clauses, marine
and offshore contracts,
service agreements and
the numerous other
undertakings that exist
in the marine insurance
environment.