Adam McNestrie
AAA Reinsurance Brokers has lost its major account to place the reinsurance cover for the whole Angolan energy industry to Marsh, The Insurance Insider can reveal.
Sources said that a change in political sentiment had caused a restructuring of the way in which energy insurance is being purchased in the oil-rich African country.
Premiums flowing into the London market via the Angolan facility stretched well north of $100mn at their peak, with sources suggesting that the “all-in” premium flow at…
The Insurance Insider
