(Re)insurers face $400mn BP D&O claim
Despite its penchant for self-insurance, UK energy company BP purchased a $400mn Side A directors and officers (D&O) policy in the commercial market via broker Marsh Ltd, The Insurance Insider can reveal.
The programme - led with a $25mn primary line from Ace Bermuda International's Irish operation - is placed in eight layers and sees a cross-section of the international D&O community exposed to claims arising from the Deepwater Horizon oil leak earlier this year.
Side A side D&O policies...
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