Post history - 20 years ago: Australian coast escapes Kirki oil spill

Post 20 years ago

Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.

London underwriters were breathing a sigh of relief this week as it became clear that the oil spill from the Greek tanker Kirki was moving away from the Western Australian coast.

With the total claim now thought unlikely to top £12m and most of it carried through Norwegian underwriters, only a modest part of the cover and the reinsurance is thought to have been placed in London.

The Kirki appears to have broken up and caught fire on Saturday morning about 120 miles north of Perth when carrying a cargo of 80 000 tonnes of light crude oil on the last phase of its voyage from the Persian Gulf to Australia.

The oil belonged to BP, which chartered the tanker.

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60 Seconds With... Foil’s Pete Allchorne

Pete Allchorne, partner at DAC Beachcroft and president of the Forum of Insurance Lawyers, would like to be “Doctorin’ the Tardis”, finds ironing therapeutic, and can be found dancing to “Uptown Funk” by Mark Ronson and Bruno Mars.

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