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23 May 2012

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Willis brokered $235mn Venezuela gas rig; London writes 25%

13 May 2010

Willis is the broker and Argenta's Syndicate 2121 at Lloyd's is leader on the insurance cover for the Aban Pearl gas rig that sank off the Venezuelan coast this morning (13 May), The Insurance Insider can reveal.

Argenta's lead line on the slip is for 8.44 percent whilst the overwhelming majority of the policy is placed in the Middle and Far Eastern markets.

The offshore gas platform, which is believed to have an insured value of $235mn, sank in the...

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