Reinsurance market unaffected by BP Texas loss
Oil giant BP has confirmed to Reinsurance that the explosion and subsequent fire at its Texas City refinery on 23 March will be fully retained within the oil giant’s wholly-owned captive, Jupiter Insurance.
The explosion, whose blast was reportedly felt up to five miles away, rocked the firm’s isomerisation unit, causing at least 14 deaths and 70 injuries.As the giant BP Texas City refinery producesOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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