elseco

An independent club of
insurers pooling resources

Our activity

elseco currently specialises
in the underwriting of the following
risks:
SPACE, AVIATION & ENERGY

Our activity/

aviation

The elseco aviation team was established in 2010, focusing on General Aviation (GA)

worldwide. Our capacity in 2015 is US$17M Hull and US$85M Liability.

Coverage:

  • Aircraft Hull
  • Third Party Liability
  • Passengers Liability
  • PA Liability
  • Hull War
  • AVN52
  • Products Liability
  • Hangar Keeper Liability
  • Premises Liability

Clients:

  • Fixed Wing
  • Rotor Wing
  • Private Jet
  • Airports
  • Airport Contractors
  • MRO
  • Airshows

For team contacts please click Here:

Our activity/

space

The elseco space department was created in 2007, focusing on Pre Launch, Launch and In Orbit Risks.

Today we are known throughout the world as a leading space insurer. Our capacity for 2015 is US$100M per Launch / In Orbit Risk.

Coverage:

  • Launch Only
  • LRG
  • Launch Plus
  • In Orbit
  • Asset / Financial Consequences
  • Pre Launch / AIT

Clients:

  • Manufacturer
  • Satellite Operator
  • Launch Service Provider
  • Space Agency
  • Telecommunications Company

For team contacts please click here:

Our activity/

energy

The elseco energy team focuses on upstream business in the MENA region but we also consider midstream and downstream opportunities Worldwide excluding USA, Gulf of Mexico and North Sea. Our capacity in 2015 is US$101.75M

 

Scope:

  • Specialty Marine covers for Subsea installations
  • Specialty Marine covers for Port & Terminal Operators
  • FPSO's, FPU's, FSO's
  • Ultra deep water facilities, exploration drilling
  • Land rig fleets
  • Gas Processing, LNG, Refining and Petrochemicals

 

For team contacts please click Here:

Our activity/

mega yacht

As a recognised insurer of specialist classes, elseco additionally provides marine risks cover for private, pleasure, skipper and bareboat charter vessels over 30 meters long.

Vessel parts insured include hull, machinery, boat(s), gear and equipment.

All normal aspects of marine insurance cover are provided for although a greater depth of understanding of the individual mega yacht risk is required in order for premium rating to be more accurate.

About us

elseco is a world leader in High technology
insurance and was established in 2006.

Based in Dubai at the DIFC, regulated to
International practice standards, elseco
represents 20 out of the top 30 global insurance
companies.

About us/

history

1/20
2007
Commercial Licence at the Dubai International Financial Centre (DIFC) obtained
2/20
2007
Authorised firm by the Dubai Financial Services Authority (DFSA) confirmed
3/20
2008
US$160m written on an insurance Space option deal
4/20
2008
The company became fully independent
5/20
2010
Inaugural World Space Risk Forum event takes place in Dubai
6/20
2010
First ever signed Takaful Space contract
7/20
2010
Aviation added as a new class of insurance
8/20
2011
Move to top-floor office at the DIFC Gate Village
9/20
2011
Members aggregate profits reach US$100m
10/20
2011
Ten employees
11/20
2012
Achieves largest Space capacity in the market
12/20
2012
World Space Risk Forum 2012, takes place in Dubai
13/20
2013
Pre Launch class added to the Space account
14/20
2014
Energy added as a new class of insurance
15/20
2014
Third World Space Risk Forum event takes place in Dubai
16/20
2014
20 employees
17/20
2014
Doubled office space size at the DIFC
18/20
2015
General Aviation worldwide account underwritten
19/20
2015
25 employees
20/20
2015
Analytics team created
2007 - 2008 - 2010 - 2011 - 2012 - 2013 - 2014 - 2015
About us/

press release

1/1
12.11.2014
elseco Aviation Flying Worldwide Flag
09.17.2012
elseco Boost Space Account With New Director Appointment
About us/

Laurent Lemaire

Laurent Lemaire
Chairman, CEO, and Co-Founder of elseco

Laurent is a graduate of the Toulouse School of Economics where he obtained a master in econometrics, additionally he studied risk and insurance.

His career started developing weather risk models.

In 1997 Laurent moved to London to take up an insurance broker position with Benfield Group, specialising in the field of international space business.

In 2002 Laurent Laurent joined Satec srl in Venice, Italy as an Underwriter, eventually becoming Managing Director and Director of the Board of the company.

Nine years ago Laurent founded the underwriting agency "elseco limited". Based in Dubai at the DIFC, elseco has become the world leader in High Technology insurance, representing 20 out of the top 30 global insurance companies.

elseco underwrites space, aviation and energy insurance worldwide.

For Laurent's bio in print version, click Here:

Contacts

We are located at Gate Village 8, level 7 at the Dubai international Finance Centre.www.difc.ae 

elseco, at the 7th floor of the gate village 8
Guests parking
Valet Parking
Contacts/

locate

elseco limited, Gate village 8, Level 7
Dubai International Finance Centre.
PO Box: 506639, Dubai, UAE
Tel: +971 4 384 2800
Email : Lucy@elsecolimited.com


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Contacts/

people

Laurent Lemaire
Chairman and CEO, elseco
Xavier Albert-Lebrun
Norman Ignacio
IT & IS Officer
Rolando Caypuno
Finance Officer
Pierre Antoine Dumas
Space Underwriting Team
Paul Armstrong
Head of IT & IS
Eurekha Dias
Financial Team
Laetitia Tollon
Head of Financial and Compliance Team
Lucy Gilchrist
Operations Manager
Romain Loubeyre
Legal Counsel
Victoria Mayes
Aviation Underwriter
Sofiane Boufedji
Aviation Underwriting Team
Russell Tong
Senior Energy Underwriter
Jack Burke
Compliance Officer

Website Disclaimer

Please note that the legal statements and guidance below only covers the elseco limited website at www.elsecolimited.com (and associated sub-domains if any).

The elseco limited website is maintained for your personal use and viewing. Access and use by you of this site constitutes acceptance by you of the provisions of this Disclaimer that take effect from the date of first use.

The information contained in this website is for general information purposes only. The information is provided by elseco limited and while we endeavor to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will elseco limited be held liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you may be able to link to other websites which are not under the control of elseco limited. We have no control over the nature, content and availability of those websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

elseco limited is producing its best efforts to keep the website up and running. However, elseco limited takes no responsibility for, and will not be held liable for, the website being temporarily unavailable due to technical issues beyond our control.

The provisions of this Disclaimer shall be governed by and construed in accordance with the laws of the DIFC. Any dispute arising under these provisions shall be subject to the exclusive jurisdiction of the courts of the DIFC.