Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018
QBE leads $30mn-$50mn pipeline terror loss
- 14 February 2018
An oil pipeline that passes through Turkey has been hit by a terrorist attack that looks set to cost insurers between $30mn and $50mn, The Insurance Insider can reveal.
The insurers were notified of the loss after an attack on the BP-operated Baku-Tbilisi-Ceyhan pipeline last June.
Global insurer QBE is the lead market on the impacted political violence insurance policy, sources said.
The claim represents a significant loss for the political violence market.
Bomb damage was discovered on the pipeline...
- If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
- Login Free trial