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OneBeacon To Provide Insurance Business For Energy Risks

Initial coverage provides monoline property, monoline general liability and general liability, combined with auto liability.

OneBeacon Insurance has launched OneBeacon Energy, which aims at upstream and midstream mid-market energy risks, in addition to alternative and renewable energy sources.

OneBeacon Energy’s initial coverage provides monoline property, monoline general liability and general liability, combined with auto liability. These are available to the exploration and production, transportation and storage segments of the conventional oil and gas industry, including alternative fuel manufacturers and alternative energy producers. It will also provide these coverages to equipment manufacturers for all these industries.

Kevin Rehnberg, Senior Vice President of specialty lines, OneBeacon, said: “We are thrilled to launch the OneBeacon Energy Group. Dan Guida and his team have extensive experience, which will allow us to respond to many opportunities in this growing sector.”