Willis and Berkshire Hathaway are the latest market players to announce a new facility to provide additional underwriting capacity to the oil and gas industry following the Deepwater Horizon catastrophe.
A number of high-profile initiatives have been announced in recent months, with Aon and MMC working together on a facility with Torus that was launched in September 2010.
The "big three" brokers are also cooperating with Munich Re to create the SOSCover product that was trailed before Christmas and will...
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