AFE Protect

An innovative product designed to address the cost overrun risk oil and gas lease operators may face when drilling unconventional wells (shale) throughout the United States.
oil rig

Amwins' AFE Protect insurance product (formerly Increased Cost of Drilling and/or Completion (ICDC)) offers clients a first-of-its-kind insurance solution for land-based oil and gas lease operators responsible for drilling unconventional wells across the U.S.  The program was developed in partnership with market leaders at Lloyd's of London.

Shale exploitation opens the door to a variety of exposures.  The AFE Protect insurance program's dedicated team of specialized underwriters know the industry inside and out.  We prize expertise and relationships equally to create partnerships that deliver and last.  Because your challenges are our privilege.  And when you win, we all win.

Eligible accounts

  • Land-based oil and gas lease operators focused on repetitive drilling (shale exploitation)


  • AFE Protect coverage provides oil and gas lease operators with protection against a cost overrun as a result of mechanical breakdown or geological anomaly as defined in the policy

AFE Protect program details


The program is available in all U.S. states.


Minimum premium



Tailored to each individual account's Authorization for Expenditure (AFE)



Lloyd's of London (A.M Best rated "A")
Berkley Offshore (A.M. Best rated "A+")

Contact Us

Courtney Iezzi
Assistant Vice President
Amwins Insurance Brokerage, LLC - Houston, TX
Matthew Mcdougald
Vice President
Amwins Insurance Brokerage, LLC - Houston, TX