Insured

An energy production and distribution specialist with interests in a range of commodities including; gasoline, diesel and jet-fuel.

Issue

The insured had recently been acquired by a private equity firm and the financing package put in place to finalise the deal dictated that full value insurances were in place. Miller’s intermediary client needed to deliver a swift solution so their client could complete the deal, despite the fact that the insured was mid-way through their existing policy.

Response

The domestic market was only prepared to offer 15% of the property damage, business interruption placement so Miller secured an 85% order in London, as well as standalone stock cover, all at competitive terms.