Travelers Companies, Inc. and OneNexus, a fintech platform backed by Munich Re and rated A‑ by AM Best, announced a partnership to launch a dedicated surety program for the energy sector’s long‑duration decommissioning liabilities. The collaboration will combine Travelers’ 100‑year legacy in surety underwriting with OneNexus’ pre‑funded, long‑term liability platform to streamline bond issuance and improve liquidity for operators of oil, gas, and renewable assets.
OneNexus has built a technology‑driven funding model that pools capital from institutional investors to cover decommissioning obligations that can span decades. The company’s financial strength is reinforced by Munich Re’s backing and its A‑ rating, giving it the capacity to support the large, long‑term liabilities that energy companies face as aging infrastructure is retired.
Travelers, the largest surety provider in North America, recently reported a Q4 2025 net income of $2.082 billion and a combined ratio of 83.2 %. The company also completed the sale of its Canadian business for approximately $2.4 billion, freeing capital that can be deployed into new growth initiatives such as this partnership. The deal represents a strategic shift into a regulated, high‑growth market that complements Travelers’ core commercial and specialty lines.
The global decommissioning liabilities market is estimated to be in the trillions of dollars, driven by regulatory mandates and the aging of oil, gas, and renewable infrastructure. Energy operators are increasingly seeking financial assurance that their decommissioning obligations will be met, creating demand for specialized surety solutions that can lock in long‑term funding and mitigate regulatory risk.
By combining Travelers’ underwriting expertise with OneNexus’ funding technology, the partnership aims to reduce the time and cost of securing surety bonds for energy projects, improve capital efficiency for clients, and open a new revenue stream for Travelers in a niche that is both regulated and expanding. The program is positioned to capture a growing share of the decommissioning market, enhancing Travelers’ competitive positioning and providing a platform for future expansion into related environmental and infrastructure assurance services.
Tony Sanchez, CEO of OneNexus, said the partnership “aligns surety capacity with long‑term plugging and abandonment obligations, creating a more resilient financial assurance framework for operators and regulators.” Adam Flikerski, Chairman of OneNexus, added that the collaboration “marks a major step toward ensuring that long‑duration decommissioning obligations are funded in a guaranteed, permanent, and secure manner.”
The partnership is expected to generate additional revenue streams for Travelers and strengthen its foothold in a high‑growth, regulated sector. The collaboration also signals Travelers’ commitment to leveraging technology to meet evolving client needs, positioning the company for continued growth in the energy and infrastructure assurance space.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.