Energy infrastructure is back in focus after drone attacks at Egypt’s Damietta Port disrupted a key LNG hub and raised fresh questions about security near the Suez Canal. For investors, this kind of headline risk can quickly reshape how stocks exposed to LNG, pipelines, and shipping are priced, as the market weighs supply disruption, insurance costs, and geopolitical risk. This article looks at 3 stocks from an Energy Infrastructure & Security screener that appear more directly exposed to the latest news. The aim is to help you decide whether they deserve a closer look or extra caution right now.

Accelerant Holdings (ARX)

Overview: Accelerant Holdings runs a data driven insurance platform that connects specialist underwriters with risk capital partners, earning mainly fee income for sourcing, managing and monitoring commercial property and casualty risks. It focuses on small to medium sized businesses across the US, Europe, Canada, Australia and the UK through its risk exchange, MGA operations and underwriting activities.

Operations: Accelerant generates most of its revenue from Underwriting at US$459.8m, Exchange Services at US$360.3m and MGA Operations at US$246.1m, with smaller Corporate and Other revenue of US$9.5m and consolidation adjustments of US$109.6m. Regionally, revenue is split between the UK and EU at US$401.1m and North America at US$564.9m.

Market Cap: US$3.2b

Accelerant Holdings sits at the intersection of insurance and energy infrastructure risk, which puts it in focus when attacks on LNG hubs and shipping routes raise demand for specialized cover and deeper risk analysis. The company is shifting toward a fee based, capital light model backed by partnerships like WoodStar and Lloyd’s facilities. This can make earnings less dependent on its own balance sheet if execution stays on track. At the same time, it is still reporting losses and relies heavily on external funding, while insider selling and very high CEO pay raise governance questions. For investors, the mix of strong earnings growth expectations, a growing risk exchange and meaningful funding and profitability risks makes Accelerant a stock that deserves closer scrutiny in this security focused theme.

Accelerant Holdings is racing to scale a fee based, capital light insurance platform that sits directly on top of rising energy infrastructure risks, yet the real story sits inside the 1 key reward and 1 important warning sign

Trican Well Service (TSX:TCW)

Overview: Trican Well Service is a Canadian oilfield services company that provides hydraulic fracturing, cementing, coiled tubing, nitrogen and related technical services that help energy producers drill, complete and maintain oil and gas and LNG linked wells.

Operations: Trican Well Service generates all of its CA$1.17b in revenue from oil well equipment and services in Canada.

Market Cap: CA$1.33b

Trican Well Service is closely linked to the health and security of Canadian oil and gas infrastructure, which matters more as attacks on assets like Egypt’s Damietta LNG hub push investors to think harder about supply security and maintenance capacity. The company is exposed to LNG related gas activity, investment in electrified and natural gas powered frac fleets aimed at ESG focused customers, and a history of buybacks that affect earnings per share. At the same time, its heavy exposure to natural gas pricing, recent quarterly loss, capital intensive fleet upgrades and concentration in Western Canada all introduce risk. The full picture of how those trade offs stack up for Trican in this security focused theme is where the investment debate starts.

Trican’s buybacks, LNG linked exposure and fleet upgrades could be masking a bigger story in its risk and reward profile. Get the full picture in the 4 key rewards and 1 important warning sign

Hagerty (HGTY)

Overview: Hagerty focuses on insurance and membership services for collector cars and enthusiast vehicles, acting as a managing general agent that underwrites, sells and services policies while also running Hagerty Drivers Club and a marketplace where collectors can buy, sell and finance vehicles across the United States, Canada and the United Kingdom.

Operations: Hagerty generates most of its revenue from the United States at US$523.1m, with a further US$67.2m from international markets and US$849.5m reported as unallocated.

Market Cap: US$4.18b

Hagerty sits at an interesting crossroads for this Energy Infrastructure & Security theme because it is a specialist in insuring hard to replace assets at a time when risk awareness is rising. The company already runs a high margin ecosystem around insurance, membership and auctions, is investing heavily in digital platforms and partnerships such as State Farm, and is expanding internationally through the Bennetts motorcycle deal in the UK. At the same time, Hagerty is priced on a rich P/E multiple, is still guiding to a net loss for 2026, and plans to retain more underwriting risk under the Markel arrangement, which raises its exposure if loss trends worsen. The key consideration is how those growth ambitions, risks and valuation compare once you look under the hood.

Hagerty’s rich P/E, expanding ecosystem and bigger underwriting role suggest the story is still being priced on what comes next rather than today. See how the growth case stacks up in the analyst forecasts for Hagerty

You have only seen a few examples of how the Energy Infrastructure & Security idea can play out. The full screener surfaces 14 more companies with equally compelling narratives inside the Energy Infrastructure & Security screener. Use Simply Wall St to identify and analyze the specific catalysts and risk factors that matter to you so you can focus on the highest conviction opportunities in this theme.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.