Factsheet
July
2011
Onshore oil and
gas construction
Specialist insurance services for global projects
The worldwide challenges of energy
production require a truly global response.
Allianz Global Corporate & Specialty*, as a
leading insurer of the most complex
engineering and energy risks, offers specialist
services to meet the needs of oil and gas
projects under construction around the world.
The AGCS Service
We offer our clients tailor-made solutions to meet the
needs of the oil & gas industry, backed up by one of the
largest capacities of any insurer – this way we can lead
the largest construction risks.
AGCS provides a financial security for unforeseen
physical damage or loss. We offer our clients
comprehensive coverage from ground-breaking till
hand-over and start of production. After hand-over we
offer coverage for maintenance activities under
contractual maintenance provisions.
www.agcs.allianz.com
Alongside our services to the operational and upstream
energy industry (managed via AGCS’s Global Energy
team), we specialize in the insurance of midstream and
downstream oil and gas construction projects such as:
• Oil and gas separation units
• Tank farms and underground gas storage
•Pipelines including pumping- and compressor
stations
• Refineries
•Petrochemical plants e.g. steam cracker,
polyethylene-, propylene-, benzene-, xylene-,
methane plants
• Liquefied natural gas plants and terminals
• Chemical fertilizer plants
• Chemical plants
• Pharmaceutical plants
• Bioethanol- and biodiesel plants
Coverage Options
As no two projects are the same we provide a range of
options for each case. Coverage is designed through
close dialogue with the client and broker to ensure the
optimal fit with the client’s risk management strategy:
•Erection All Risks (EAR) insurance during erection
and testing/commissioning phase, lowering the risk
of financial loss due to a physical damage on site.
Further options are:
•Maintenance phase (Visits- and Extended
Maintenance) in order to extend coverage for
contractual maintenance provisions after handover
to the principal
•Third Party Liability (TPL), will indemnify the parties
insured when becoming legal liable due to
damages in direct connection with onsite activities
•Principal’s Delay in Start-Up (DSU)/Advance Loss of
Profit (ALoP), minimizing principal’s risk for delayed
start of operation following a physical damage or
loss during construction period
Our clients include:
•Linde
•Mitsubishi
Corporation
•Petrobras
•Samsung
•Woodside
International reach for global projects
In 2010 we insured complex projects in all 5 continents.
Our network of Allianz offices in over 70 countries plus
selected partners in other locations means we can service
projects in more than 150 countries worldwide – giving us
perhaps the strongest own office network of any insurer
and delivering AGCS expertise where clients need it.
Allianz offices
Allianz
AGCS offices
offices
Network partner offices
AGCS offices
Network partner offices
Expertise & Security
Our clients
We insure all parties directly involved in the construction
of the project such as:
•principals
•engineering-, procurement- and construction
contractors
•subcontractors
•licensors
•project management consultants
•vendors
•manufacturers
•suppliers
•financiers
Selected projects
Among others we insure the following oil & gas
projects in different locations worldwide:
• Liquefied Natural Gas plant, Australia
• Heavy Oil Upgrader, North-East Asia
• Fertilizer plant, North Africa
• Refinery Expansion, Europe
• Petrochemical plant, Near East
• Pipeline, Europe
•Steam Assisted Gravity Drainage plant,
North America
We have a dedicated team of experts with extensive
know-how in the oil & gas industry to service clients in
any region worldwide.
At Allianz Global Corporate and Specialty we believe in
an integrated approach and close collaboration of our
underwriting, claims and risk consulting teams. This way
we are able to lead the largest and most challenging
projects.
Our Allianz Risk Consultants work with clients to identify
potential hazards on site for the benefit of all parties
involved.
Contact:
Thomas Riess
Oil & Gas Engineering
Allianz Global Corporate
& Specialty
Allianz Global Corporate & Specialty’s main operating
companies hold some of the highest ratings in the
industry:
“AA” (Very Strong) Financial Strength Rating from
Standard & Poor’s (S&P) and an A+ rating from AM Best,
both with a “stable“ outlook.
AGCS at a glance
With a worldwide network in over 150 countries,
we are one of the very few global insurers with an
exclusive focus on the needs of global corporate
and specialty clients.
We offer our clients dedicated expertise through a
comprehensive service range including alternative
risk transfer, financial lines, aviation, international
insurance programs, captive and fronting services,
liability, claims services, marine, energy, property,
engineering and risk consulting.
More on: www.agcs.allianz.com
Tel: +49.89.3800-4378
thomas.riess@allianz.
com
EN-OilGas-en
Copyright © 2011 Allianz Global Corporate & Specialty AG. All rights reserved.
The material contained in this publication is designed to provide general information only. Please be aware that information relating to policy coverage, terms and conditions is provided
for guidance purposes only and is not exhaustive and does not form an offer of coverage. Terms and conditions of policies vary between insurers and jurisdictions. Whilst every effort
has been made to ensure that the information provided is accurate, this information is provided without any representation or warranty of any kind about its accuracy and Allianz Global
Corporate & Specialty cannot be held responsible for any mistakes or omissions.