Insight and Intelligence on the London & International Insurance Markets

20 April 2018

Search archive

Energy market braced for Papua New Guinea loss

Adam McNestrie and Bernard Goyder 9 April 2018

The downstream energy market is staring down the barrel of a loss that could run to hundreds of millions of dollars after an earthquake in Papua New Guinea impacted a major energy project, The Insurance Insider understands.

Sources have talked about an economic loss to the project of as much as $1bn from the quake, with the QBE-led commercial market cover set to be impacted along with ExxonMobil's captive insurer.

The news comes after The Insurance Insider reported last week...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.