Power & Energy

Energy
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Offshore exploration to power plants

Whether you are involved in offshore oil exploration or laying local pipelines or building power plants or wind turbines, the energy industry carries with it a unique range of risks.

Our team has developed a reputation for providing a knowledgeable, reliable and professional service for clients in all areas of the industry. We have developed our experience in the best possible way – by working in close partnership with our clients. This means we understand the commercial realities you face and how they are best presented to the insurance market. Our team of experts will actively look for new ways to improve your security while minimising your total cost of risk.

Offshore Services

In a market that is renowned for its volatility, our Energy team aims not just to keep up with the pace of change, but also to stay one step ahead. We see it as our role to identify new opportunities for our clients as the market changes, creating fresh solutions that offer long-term competitive advantage.

Our Offshore team aims to deliver the most secure cover on the most competitive terms – wherever you are in the world and whatever the nature of your operations.

Our clients include state and independent oil companies, multinationals, drilling contractors and specialists in exploration and production. Support for our clients includes extensive contract analysis to tailor insurance program design and where possible, to identify alternatives to insurance purchase.

Onshore Services

In such a competitive and unpredictable industry, keeping ahead of change can be a significant challenge. Our onshore team has developed its expertise by working in close partnership with a wide range of clients in oil and gas, petrochemicals, power and renewable energy. We see it as our job not just to provide you with the most effective and secure protection, but also to find new ways to capitalise on changing market conditions. So you can be sure of receiving the kind of solutions that make a real difference to your bottom line – now and for years to come.

We have particular expertise in debt finance, which is commonly used in power, renewable energy and infrastructure projects. We act on behalf of owners, investors and lending banks assisting in structuring optimum insurance coverages.

Our energy industry areas of expertise:

  • Offshore/onshore oil and gas exploration and production
  • Wind, wave and solar renewables
  • Waste to energy
  • Power generation
  • Constructional risks 
  • Contractors and subcontractors including all marine related operations 

Our team

The Lockton Global Energy broking team has extensive experience which enables a better understanding of your needs, exposures and insight into the most advantageous markets for your requirements both in Australia and abroad. 

 

Broking done differently

We're more than an insurance broker -
we're independent specialist risk consultants

  • Find the right fit
    We will always ensure to understand your financial goals and position and use our know-how to create a strategy that fits your objectives
  • Predict impacts on your business
    We combine detailed modelling and financial analytics to show you the effect of an insurance program on your business and the risks you face
  • Fight for you
    We are not afraid to challenge insurers on your behalf to achieve the best result for you
  • Stay up to date
    We keep up with developments in your industry, to make sure we understand your business
  • Keep costs low
    We help risk financing come up with lowest cost or most suitable program
  • Global Expertise
    Lockton, Inc. is the world's largest privately held insurance brokerage firm