Catastrophe cover for offshore oil drilling : Monte Carlo, 12 September 2010

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<subTitle> : Monte Carlo, 12 September 2010</subTitle>
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<abstract displayLabel="Summary">Following the catastrophic oil spill in the Gulf of Mexico, it is clear that better provision has to be made for dealing with losses and damage arising in this context. In response, Munich Re has developed a new concept for insuring offshore oil drilling, which has the potential to  create cover in the order of US$ 1020bn per drilling operation in the international insurance market</abstract>
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