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A large commercial loss is not expected from the Mariner Energy-owned oil and gas platform Vermilion Block 380 that caught fire on 2 September in the Gulf of Mexico, Inside FAC understands.

The platform is valued at $32mn, with Bermuda-based industry insurance mutual OIL likely to pick up all of the property damage costs. OIL is also understood to cover Mariner's business interruption exposure.

Catlin is understood to lead the excess property damage cover.

Marsh places the commercial liability cover...

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  Major loss not expected from Mariner rig fire
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  Inside FAC