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19 April 2024Insurance

Lloyd's and insurer Arch deny Nord Stream claim, cite war exclusions

Insurers Lloyd’s and Arch will seek to fend off a claim by natural gas pipeline operator Nord Stream, chiefly leveraging policy exclusions to fend off demands they pay damages after underwater explosions destroyed the pipelines carrying Russian gas to Germany.

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More on this story

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15 March 2024   Nord Stream estimates full repair costs at a much higher €1.2 – 1.35bh.
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6 March 2024   ‘We still have a way to go on our culture journey,’ says Lloyd’s chief people officer.