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Lloyd’s disputes coverage on $200mn Transocean layer

18 February 2013

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Lloyd's insurers have sued oil titan BP and rig contractor Transocean, claiming they face potentially conflicting insurance claims from the two companies due to the fallout from the Deepwater Horizon disaster.

The Lloyd's insurers were participating on a $950mn excess liability programme sold to Transocean and dispute BP's claim that it is an "unrestricted additional insured" party under the policy's fourth excess layer.

The filing in the US district court for the eastern district of Louisiana said...

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This article was published as part of issue February 2013/3

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