Energy liability underwriters warn on pricing as Repsol claim hits $600mn
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Energy liability underwriters warn on pricing as Repsol claim hits $600mn

Samuel Casey
17 April 2023
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Workers clean the beach near Repsol's La Pampilla refinery after the recent oil spill that has caused an ecological disaster on the coast of Lima, in Ventanilla, Peru January 29, 2022. Picture taken with a drone January 29, 2022. REUTERS/Angela Ponce
Photo: Alamy Stock Photo

Energy liability underwriters have warned of the need for maintained discipline in pricing as losses relating to a Peruvian oil spill in January last year top $600mn.

Sources told Insurance Insider that the London market is heavily exposed to the claim relating to the spill from Spanish firm Repsol’s La Pampilla refinery, the coverage of which is placed by Marsh.

The

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Topics

News Energy Claims and losses Marsh McLennan Zurich
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Samuel Casey
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