Lloyd’s, Aon confirm BPC insurance for exploration well Lloyd’s partner: Insurance program has been placed with various Lloyd’s syndicates The Stena IceMAX drillship.
Global professional services firm Aon and insurance market Lloyd’s of London have confirmed that Bahamas Petroleum Company’s (BPC) exploration well, Perseverance #1, is insured for risks associated with the oil drilling underway 90 miles off Andros.
The confirmation came after a coalition of environmental groups claimed the insurance was not in place.
An Aon spokesperson confirmed to
Guardian Business that BPC is in fact insured through its company, through a series of Lloyd’s syndicates.