The world is going ever deeper below the sea in its search for new sources of energy, and is being aided by technological advances that have enabled ultra deep-water exploration. The London Market insures the vast range of equipment now working more than 1,500 metres below the surface, making it possible to explore the deepest waters.
The deepest parts of the oceans are some of the most inhospitable places in the world. Even though it’s possible to search for new sources of energy in these areas, the risks are significant.
The London Market insures the submersible equipment that’s used for exploration, like remotely operated vehicles; seismic streamers; submarines; and diving equipment. London even insures the offshore power generation equipment that’s harnessing energy from the oceans themselves.
