Search Results

The sinking of the Deepwater Horizon drill rig in the Gulf of Mexico will create a $52.8 million (EUR40 million) loss for German reinsurer Hannover Re, the firm said last week.

Insured losses from the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico could reach $1.5 billion, according to Transatlantic Holdings, Inc.

The sinking of the Deepwater Horizon drill rig in the Gulf of Mexico will create a EUR40 million ($52.8 million) loss for German reinsurer Hannover Re, the firm said.

Last week's natural and man-made disasters in the form of deadly tornadoes and exploding oil rigs has resulted in significant exposure for insurers and reinsurers

The firm owning the drilling rig that sank in the Gulf of Mexico could be liable for millions of dollars depending on its leasing agreement with BP, a lawyer familiar with oil and gas litigation said.