BP’s captive reinsured with several Lloyd’s insurers
Lloyd’s could have to pay out more than $1.3bn (£863.7m) for BP and Transocean’s Deepwater Horizon oil spill in the Gulf of Mexico, the Express reports.
It claims that BP’s captive insurer Jupiter has taken out cover worth an estimated total of $1bn to $1.3bn at Lloyd’s spread among several insurers.
Some estimates put the total cost at $16bn (£11bn).
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
