Zurich Insurance drops cover for Trans Mountain oil pipeline
Zurich was the sole insurer for the first $8 million of potential
insurance payouts and the company provided a total of $300 million in
cover with other insurers, the 2019/20 energy regulatory filing showed.
insurance payouts and the company provided a total of $300 million in
cover with other insurers, the 2019/20 energy regulatory filing showed.
Lloyd’s of London syndicates were the project’s biggest insurer in
2019-2020. Chubb and Zurich were the biggest listed insurers providing
coverage.