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Zurich leads exposed Petrobas D&O cover

Charlie Thomas 13 March 2015

Zurich leads the $250mn directors' and officers' (DO) cover for Brazilian oil giant Petrobas with a $15mn layer, The Insurance Insider understands.

Petrobas, the government-managed Brazilian oil giant, has been in the throes of a corruption scandal for the past few months after dozens of political figures and former Petrobas executives were accused of facilitating corruption and money laundering.

Much will depend on the fine details of the Aon-brokered policy, but Petrobras' insurers are potentially exposed to a major claim...

You are currently viewing an incomplete version of this article. Our TV screens seem to be overwhelmed by solicitors pleading with us to claim for each and every mishap, there is obviously no such thing as an accident in this day and age. Somebody can be blamed and they need to pay!. Bearing this in mind, it would surely be an extremely brave (or perhaps foolish) owner of any business, be it big or small who made the decision that they didn't need public liability insurance. Clicking on the following link will answer any questions on public liability insurance price comparison.If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.



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