Aon Benfield has agreed to serve as placement advisor to a new sudden oil spill consortium, formed to deliver larger liability limit coverage for deepwater drilling in U.S. waters, Aon and Munich Re announced late last month.
The consortium expands a concept announced by Munich Re at the 2010 Monte Carlo Rendez-Vous.
The plan involves the insurance and reinsurance markets working together to deliver a new product that brings significantly larger limits than have previously been available for U.S. deepwater drilling.
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