PVT market faces largest Israeli loss in years from ~$180mn refinery claim
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PVT market faces largest Israeli loss in years from ~$180mn refinery claim

Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.

By Samuel Casey Jairo Ibarra
September 09, 2025
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Smoke billows after an Iranian missile struck an oil refinery in Haifa, northern Israel, early Monday, June 16, 2025. (AP Photo/Ariel Schalit)
Photo: Alamy

The political violence and terror (PVT) market is expecting the largest insured loss in Israel in many years, following the worsening development of a claim from an oil refinery that was struck when Iran bombed the nation in June,...

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