Insight and Intelligence on the Global Facultative Markets

19 May 2012

Aon-brokered oil sands programme anticipates $1bn market loss

8 April 2011

International energy (re)insurers are braced for a potential billion dollar energy loss following January's fire at the Canadian Natural Resources Limited (CNRL) Alberta oil sands operation, Inside Fac understands.

Significant (re)insurance placements were brokered by Aon and a number of London market players are believed to be on the slip.

The programme covering CNRL's Alberta Horizon Oil Sands Upgrader, which includes property damage and business interruption (BI), totals $2bn.

CNRL confirmed in an update on 10 January that it maintains...

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