21 February 2018

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YPF refinery fire notified as $800mn total loss

19 July 2013

The ongoing uncertainty over business interruption (BI) losses from the April flood and fire at the YPF La Plata refinery in Argentina has at last been put to rest, with the market being advised of an $800mn total loss for both BI and property damage (PD), Inside FAC has learned.

The Lloyd & Partners co-brokered programme is thought to be spread among 15-20 insurers, with the Colin O'Farrell-headed QBE Syndicate 1036 believed to be leading the slip.

XL is understood...

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