Oil Wells Insurance & Reinsurance

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The oil and gas industry is of critical importance in powering our modern day way of life. From a risk management point of view, the risks associated with oil and gas and related industries are complex and diverse, high hazard and high risk.

Maksure Risk Solutions understands the specialised legislation, unique duties of care, and the sometimes-complex systems of management and governance members of the energy industry face and can provide comprehensive insurance solutions tailored to meet the energy industry’s particular needs.

We have designed oil rig comprehensive insurance coverage for complex risks presented by the offshore and onshore exploration, production and contractor segments of upstream energy industry.

Our specialised insurance and reinsurance solutions cover the following exposures:

  • Offshore physical damage for platforms, sub-sea & pipelines
  • Operators Extra Expense (control of well insurance)
  • Hull & Machinery, Loss of Hire, and P&I for offshore drilling rigs, FPSO’s, Drill ships and the like
  • Business Interruption, Loss of Production Income
  • Land rigs & associated drilling equipment
  • Offshore construction projects

Our offering is unique because:

  • Tailor made PD & BI covers
  • US$200.000.000 capacity
  • Admitted & non-admitted paper
  • Bespoke package policy solutions
  • Global footprint/local capacity
  • In-house loss control & engineering
  • In-house claims expertise
  • Centres of excellence in London & Abidjan

For more information regarding our structured risk solutions, contact our Head: Engineering & Mining, Mr Stephen Makwembere at +27 11 805 0086 or email info@maksure.co.za.

About Maksure Risk Solutions

Maksure Risk Solutions is an Afro-Global independent specialist insurance and reinsurance broker with business footprint in Africa, Asia, East & Western Europe, South America and the Caribbean. We provide innovative and tailor-made risk solutions in Insurance and Reinsurance as well as Risk Financing and Actuarial Consulting geared towards capital management and strengthening our client’s balance sheet. Maksure is also one of the major players in Captive Management (Establishment & Management) in South Africa, Mauritius, Bermuda and various other jurisdictions. We have access into the Lloyds of London with a deep understanding of African markets. Our global nature ensures that our clients access quality capacity as well as some of the world’s latest thinking and solutions.