United Kingdom

How can we help

Click on the headings below for more information

 

Exploration & Production

In an uncertain world

In a world of such uncertainty an insurance broker that can assist in the formulation of an appropriate risk management strategy is one that can support the upstream oil and gas sector as it looks to navigate current pricing volatility, irrespective of their position in the exploration and production lifecycle.

Bruce Jefferis
+18324766964
bruce.jefferis@aon.com

William Lynch
william.lynch@aon.co.uk
+44 (0)2070863965

Find out more »

Midstream

The volatility in crude oil and natural gas pricing has contributed to a new set of challenges and opportunities for traditional midstream companies. Due to continued pressure on upstream counterparts and the symbiotic link between their sectors, midstream companies are having to embrace what is being called the ‘new norm’ and adjust business expectations accordingly.

Aon has a proven track-record across all energy sectors. Our market share, combined with our global footprint enables us to accurately track market trends through data and analytics and develop a strong understanding of how these trends affect players in the midstream sector.

 

Midstream companies have a unique risk profile due to wide distribution of assets and proximity to third party property, both of which come with their own unique challenges in the insurance market. In order for you to optimise your risk transfer strategy it is essential to develop a complete understanding of your company’s risk profile.

Bruce Jefferis
bruce.jefferis@aon.com

William Lynch
william.lynch@aon.co.uk
+44 (0)2070863965

Find out more »

Downstream Energy – Refining

According to the International Energy Agency the downstream refining sector will see major change over the course of the next five years, as the consequences of excess refining capacity start to impact margins through supply and demand economics.

By 2023 it is anticipated that global refining capacity will increase by 7.7mb/d, whilst demand for refined products will grow by only 5mb/d over the same period.

Notably the majority of this new capacity will be located in the Middle East, China and the broader Asian continent, adjacent to the anticipated areas of demand growth.

Bruce Jefferis
bruce.jefferis@aon.com

William Lynch
william.lynch@aon.co.uk
+44 (0)2070863965

Find out more »

Contractors

It is no secret that the dramatic fall in oil price has had a significant impact on drilling rig utilisation rates. As operators cut back on capital expenditure they have narrowed their focus to the development of long term production assets and maintaining strategic supply through proven reserves. This has resulted in exploration campaigns being suspended or cancelled as they are no longer considered economically viable.

Number of units under construction

Bruce Jefferis
bruce.jefferis@aon.com
+18324766964

William Lynch
william.lynch@aon.co.uk
+442070863965

Find out more »

Offshore Construction

Over the last 10 years, the offshore construction industry has flourished, however the decline in oil price at the end of 2014 has dramatically slowed this growth trajectory. Many offshore construction projects have stalled, as the potential return on investment is no longer economically viable.

Aon’s product covers each stage of a project throughout its lifecycle as follows:

  • Design and engineering
  • Project management
  • Procurement/fabrication
  • Onshore storage
  • Onshore transit
  • Offshore transit
  • Offshore installation
  • Hook-up
  • Commissioning

Waiting on weather

Offshore operations can easily be impacted by adverse weather conditions. Energy companies can now limit the impact of weather on the profitability of offshore operations through a dedicated parametric insurance solution.

Chris Graham
christopher.graham@aon.co.uk
+442070864598

Vimal Patel
vimal.k.patel@aon.co.uk
+442070863137

Find out more »

Decommissioning insurance solution

The decommissioning of offshore oil and gas installations and pipelines is not without risk and these exposures need to be carefully managed. Whether you are a contractor or operator, Aon understands the potential liabilities facing the sector and has created a bespoke decommissioning product with specialist insurers that can respond to client’s individual requirements

Chris Graham
christopher.graham@aon.co.uk
+442070864598

Vimal Patel
vimal.k.patel@aon.co.uk
+442070863137

Find out more »

Energy Risk Engineering

The benefits of a properly implemented loss prevention program extend beyond the physical protection of your core assets.

A major loss event will have a detrimental impact on the external perception of your organisation, which will inevitably translate into financial consequences.

Robert Robinson
robert.w.robinson@aon.co.uk
+442070860314

Find out more »

Energy Claims Advocacy

Whilst the scale of natural catastrophes witnessed in 2017 is not affecting market rates to the extent initially feared, when it comes to claims handling our experience is that in a market where profits are squeezed, claims are inevitably scrutinised more.

We are seeing a growing trend towards the appointment of third party experts and greater technical debate. Unless this process is managed properly between all stakeholders, this can lead to the claim process taking longer to reach resolution.

Our goal remains to obtain confirmation of coverage at the earliest possible opportunity in order to provide certainty to our clients. This enables their business to return to normality as quickly as possible, supported by interim payments to restore lost revenue.

Our offering - The Aon Difference

The Aon Difference

Richard Hodkinson
richard.hodkinson@aon.co.uk
+442070863087

Find out more »

 

 

Aon UK Limited is authorised and regulated by the Financial Conduct Authority. FP: GBCEE0020