Industries

Energy, Power & Renewables Insurance

From geopolitical shocks and commodity volatility to catastrophic loss scenarios, energy clients face a uniquely volatile and capital-intensive risk environment. Whether upstream, downstream, or in the energy transition space, businesses must navigate regulatory pressure, political risks, environmental responsibility, and operational risk across every link in the value chain.

At Price Forbes, we place complex energy risks, both directly and through broker partnerships, by leveraging the London and Bermuda markets. We support placements for traditional oil & gas operations as well as power generation, renewables, and emerging technologies, helping brokers secure specialist capacity where others can’t. 

Who we work with

We partner with both retail and wholesale brokers, as well as directly with corporates, including:

  • Publicly listed energy majors and private upstream firms
  • Renewable energy developers and operators
  • National oil & gas companies
  • Power generators and utilities
  • Captives and self-insured structures
  • Independent operators and entrepreneurs
  • Project sponsors and investors

Whether you’re drilling, generating, storing, or transitioning, we’ll help you navigate risk with clarity and confidence.

Risk solutions for the energy industry

We arrange bespoke insurance programmes across the full energy value chain, including:

Key contacts

Nawaf Hasan
Nawaf Hasan
Chief Executive Officer, Energy, Power & Renewables

Claims advocacy

Our in-house energy claims professionals operate as an extension of your team, resolving issues quickly, removing friction, and getting funds moving fast. With deep technical knowledge and longstanding relationships across the market, we’re known for delivering on the detail when it matters most.

Why Price Forbes for Energy risks?

We’re one of the largest independent energy-focused teams in the market, with over 80 specialists globally. Our strength lies in our technical capability, market leverage, and the trust we’ve built across all tiers of the energy industry.

  • Sector specialists in oil and gas, renewables, power, and utilities
  • Experience with high-risk geographies and frontier assets
  • Market leaders in strategic placement design and reinsurance structuring
  • Agile support for transitional portfolios and ESG-driven risk models

Energy Insurance

Frequently Asked Questions

Our Business Interruption programmes are designed to protect your revenue when operations are disrupted. Whether it’s due to mechanical failure, fire, or a control of well incident, we help ensure your financial performance stays intact, not just your physical assets.

Yes, CoW is critical. It covers the cost of regaining control of a well after events like blowouts or casing failures. For operators in high-risk geographies or complex reservoirs, it’s a non-negotiable layer of protection.

OEE bridges the gap between physical loss and operational continuity. It pays for emergency services, temporary infrastructure, and extraordinary expenses required to get your production back on track after an insured event. It’s the cover that keeps the business running while recovery is underway.

We structure scalable programmes that cover both construction and operational phases. That includes property damage, loss of generation, equipment breakdown, cyber exposure (especially with BESS), and environmental liability, all tailored to the realities of renewable infrastructure.

Location changes everything, from risk exposure to regulatory burden. Offshore wind in the North Sea carries different perils than a refinery in West Africa. We reflect local realities in policy terms, premium structures, and claims expectations, so you’re never caught out.

Yes, and we make sure you benefit from it. Our market leverage and placement strategy allow us to capitalise on softening cycles without compromising on quality of coverage or service. Where appropriate, we renegotiate to improve terms mid-term.

In most cases, yes. Pollution liability addresses exposures not typically included in property or general liability policies. Whether you’re operating upstream, refining, transporting or storing, we’ll ensure your environmental risks are properly mapped and covered.

It’s a mix of factors: asset values, project stage, risk profile, contractor mix, loss history, geography, and more. We present your risk in its best light, backed by high-quality data and narrative, to optimise both terms and pricing.

Often, yes. We advise on whether to integrate or separate depending on your operational, financial, and regulatory priorities. Hybrid portfolios, especially in transition strategies, can benefit from unified placements or captive structures to maximise flexibility and control.

Let's Talk

Our energy insurance experts are always on hand to talk about ways we can join forces to take on the future.