Beazley leads $50mn cover on Massey Energy mine loss
Beazley Group leads the cover for Massey Energy's "Upper
Big Branch" coal mine, scene of the worst US mining disaster
since 1984, The Insurance Insider can
reveal.
The operation, run by Massey subsidiary Performance Coal Company,
was brokered by Willis, although the property cover was limited to
$50mn.
It is understood that as the programme is widely placed though the market, no single underwriter is expected to suffer a serious hit to the bottom line.
The market is now waiting...
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