ArgoGlobal writes a worldwide book of construction projects associated with the energy exploration and production industry.
ArgoGlobal considers covering construction projects ranging from large-scale complexes to smaller offshore structures. The company also offers capacity for new build/conversion of drilling units and for floating production, storage and offloading units, and enhancements to existing facilities.
ArgoGlobal’s policies cover physical damage to projects in addition to associated third-party legal and contractual liability.
Appetite & Availability
The company writes business on a worldwide basis.
ArgoGlobal’s maximum line size is $45 million.
The company writes business through Lloyd’s brokers.
ArgoGlobal’s offshore construction account is headed by class underwriter Bruce Rodger, who has 28 years of experience in the insurance market and previously worked in the energy industry as a risk manager for a large oil company. His duties included responsibility for projects in the North Sea and chair to a joint venture risk management committee for a high-profile project in the Caspian Sea.
The experienced construction team, backed by a specialist claims staff, has excellent, long-standing market relationships. ArgoGlobal’s technical knowledge, gained through practical industry experience, gives it unique understanding of offshore construction risks. The company’s swift decision-making is respected by brokers throughout the market.