Insight and Intelligence on the Global Facultative Markets

19 May 2012

QBE leads on $300mn FPSO loss

23 December 2011

QBE's O'Farrell Syndicate 1036 leads the placement for Canadian Natural Resources (CNR), the owner of the Petrojarl Banff floating production storage and offloading vessel (FPSO) which could lead to an ultimate insured loss for the energy market in excess of $300mn, Inside FAC can reveal.

The CNR-related loss is mostly expected to be attributable to business interruption claims.

It is understood the programme for CNR is placed by Aon.

The Banff FPSO is in the process of being removed from...

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