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Oil firms will see lower cost of cover: Marsh

01 February 2010

The world’s national oil companies could benefit from lower costs of risk in the next few years as a result of a lack of natural catastrophes, plentiful insurance capacity and more sophisticated risk management techniques.

Read more: national oil companies NOCs Marsh energy Jim Pierce

The world’s national oil companies could benefit from lower costs of risk in the next few years as a result of a lack of natural catastrophes, plentiful insurance capacity and more sophisticated risk management techniques.

Insurance broker Marsh says national oil companies’ insurance costs could be up to 20% less for both...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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0%
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$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
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Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield