Insurance Post

Partner Re hit by Algerian gas explosion

Bermudian reinsurer Partner Re has announced that it is facing a $27-30m claim from the explosion that wrecked a natural gas plant in Algeria on 20 January this year.

The explosion, said to be the worst liquefied natural gas (LNG) accident for nearly 30 years, caused substantial damage to the petrochemical complex in the port of Skikda, 300 miles east of Algiers

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