BP purchased a $500mn Side A directors' and officers' (D&O) policy in the commercial market via broker Marsh Ltd - a move that could potentially load more commercial (re)insurers with claims from the Deepwater Horizon disaster.
The programme - led with a $25mn primary line from Ace Bermuda International's Irish operation - is placed in nine layers and exposes a cross section of the international D&O community to claims arising from the Deepwater Horizon oil leak.
Side A D&O policies...
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