The financial technology and insurance platform, OneNexus, has formed a strategic partnership with The Travelers Companies, Inc., a North American surety provider, establishing a new surety program specifically designed for the energy sector.
Through this partnership, Travelers, a Treasury-listed surety company, will provide surety bonds backed by a long-term funding platform developed by OneNexus.
The program represents one of the first large-scale integrations of traditional surety capacity with a modern financial assurance structure to help guarantee the performance of long-duration decommissioning obligations.
By combining Travelers’ surety expertise with OneNexus’ long-duration funding platform, the energy and broader infrastructure sectors gain a unified structure offering significant, long-term capacity for their decommissioning and financial assurance requirements.
The new program establishes a combined platform offering a stable and durable form of financial assurance for reclamation liabilities.
This is achieved by Travelers providing surety capacity alongside OneNexus’ long-term funding engine, which is designed to support decommissioning obligations. The platform benefits operators, sellers, regulators, and counterparties alike.
Chris Tata, Head of Commercial Surety at Travelers, said: “We believe our partnership with OneNexus represents innovation at its best. Combining insurance principles with the traditional surety structure helps reduce risk, increases affordability, and enables companies to properly fund their decommissioning obligations.”
The initiative is further bolstered by Munich Re, which will be providing regulatory capital and strategic support.
This backing enhances the platform’s resilience, allowing OneNexus to fund long-duration liabilities at scale across oil & gas, industrial, and broader infrastructure sectors.
Adam Flikerski, Chairman of OneNexus, stated: “OneNexus has built the financial technology required to responsibly fund the decommissioning obligations associated with the next generation of energy and infrastructure assets.
“Our mission is to ensure that long-duration decommissioning obligations are funded in a guaranteed, permanent, and secure manner — and our partnership with Travelers marks a major step toward that shared vision. We want to thank the Travelers team for their time and support in facilitating this first-of-its-kind structure. We look forward to a mutually beneficial partnership for years to come.”
