Marsh launches Triple C
Marsh and Berkshire Hathaway said that they have created a property insurance programme that can provide up to $500m of annual capacity, in the aggregate, for windstorm losses incurred by all participating oil and gas companies operating in the Gulf of Mexico in a given policy year.
Marsh's Cost and Coverage Certainty Programme, known as the 'Triple C' Facility, was developed in conjunction with the Berkshire Hathaway Group. The Triple C Facility is designed to provide oil and
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