Energy rates soar in wake of Deepwater
The offshore energy market has undergone a dramatic re-rating following the losses of the last two months, according to reports from Moody's and Willis.
Both reports correspond with research undertaken by The Insurance Insider that identified rate rises of between 10 and 30 percent at 1/6 for physical damage/control of well cover and of up to 100 percent for liability.
Willis said that in the last month upstream energy insurers have paid out a combined $795mn on the sinking of...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
