Future-Proofing Risk for a Global Offshore Leader

Renewing and future proofing risk solutions for global offshore industry leader

Client Profile

Global engineering leader operating across four continents. The client specialises in complex rigs, offshore renewables, floating wind platforms, and specialised shipbuilding — advancing the global shift to low-carbon energy.

Renewing and future proofing risk solutions for global offshore industry leader

Client Profile

Challenge

The client had recently been formed as a merger between two industry leaders. Both would have different insurance strategies from differing business models, sizes of risk, and exposures to different activities. Without a unified insurance strategy, policies would not respond appropriately to risks that may arise

Therefore, the risk management and insurance strategy required unification to support existing programmes and support future growth owing to the expanded global footprint

The areas of concern we had identified were within the following insurance programs and risk areas

Global Property & casualty program
Builder’s Risk
Marine and Offshore Risk
Digital Assets
Stringent Contractual Liability imposed by global energy companies as customers
Shipyard Workman’s Compensation for large pool of sub-contractors

Acclaim’s value-add

We were able to ease the complexity of the global program through working with our network partners, helping to support the insurance program over continents, addressing issues within the system

With advisory from our marine, energy and construction specialty teams to design a globally viable, cost effective, custom- and purpose-built insurance program that empowers our client in their expansion. We provided strategic advice to develop a capable in-house risk management program to better suit the needs of the growing business

We are proud to support this global leader in converting risk into confidence — enabling bold engineering outcomes that shape industries and communities worldwide.

Access to global specialty and traditional markets
Layered, syndicated programme structuring
Continuous optimisation across business units
Placement of complex and large insurance coverage
locally and overseas
Coverage aligned with regulatory and contractual needs
Future-proofing insurance program as the company merges systems and risk management practicesrand identity.

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Acclaim’s value-add

Access to global specialty and traditional markets
Layered, syndicated programme structuring
Continuous optimisation across business units
Placement of complex and large insurance coverage
locally and overseas
Coverage aligned with regulatory and contractual needs
Future-proofing insurance program as the company merges systems and risk management practices

We were able to ease the complexity of the global program through working with our network partners, helping to support the insurance program over continents, addressing issues within the system

We are proud to support this global leader in converting risk into confidence — enabling bold engineering outcomes that shape industries and communities worldwide.

Back