Energy & Construction

Aspen's Energy & Construction team is comprised of professional underwriting experts with industry intelligence developed over many years of experience of providing risk based solutions.

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All of Aspen’s Energy & Construction business is written via Lloyd’s under Aspen Syndicate 4711.  As a business in the Lloyd’s market, Aspen Syndicate 4711 benefits from Lloyd’s central resources, including the Lloyd’s brand with its unparalleled reputation and more than 330 year history, its network of global licenses, the Central Fund, and its A financial rating. 

The following occupancies are considered:

Upstream

  • Fixed Platforms
  • Mobile Rigs
  • Drill Ships
  • FPSO/FSO Units
  • Semi-submersibles
  • FLNG Units
  • Land Rigs
  • Production Equipment
  • Pipelines
  • Processing and Distribution Plants
  • Midstream Energy risks (e.g. gas fractionation, LNG production, regasification, and oil & gas distribution

Coverages Considered:

  • Property Damage
  • Business Interruption
  • Operator Extra Expense
  • Energy Liability*
  • Delay in Start-up

* Liability cover within an Upstream Energy package (i.e. written alongside the traditional 1st party coverages).  Core focus will be fixed platform assets where the most likely exposure is a control of well event or similar event.  Potential incidental exposure to Contractor cover.  Limited appetite for “stand alone” liability cover.

Erik Armellino
Erik Armellino

Head of International Energy & Construction