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BP seeks to limit claims and market exposure

20 August 2010

Underwriters and their bosses that fear that they may be liable for claims to arise from the Deepwater oil spill in the Gulf of Mexico will have breathed a sigh of relief if they read the New York Times this week.

Read more: bp deepwater horizpm

Underwriters and their bosses that fear that they may be liable for claims to arise from the Deepwater oil spill in the Gulf of Mexico will have breathed a sigh of relief if they read the New York Times this week.

This is because the newspaper...


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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%
$3bn-$4bn
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
More than $7bn
0%

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