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RESEARCH AND BRIEFINGS

The 100 Largest Losses in the Hydrocarbon Industry

 


Marsh’s 24th edition of the 100 Largest Losses report explores the largest property losses in the hydrocarbon industry from 1974-2015 in an attempt to identify where the risks lie in the industry and what needs to be done to manage them safely.

Compiled from Marsh’s energy loss database, which holds almost 10,000 records of losses spanning more than 40 years, 100 Largest Losses covers the refinery, petrochemical, gas processing, terminals and distribution, and upstream sectors.

In addition to examining the 100 largest loss events, the report explores the following:

  • The impact of the price of oil on the industry.
  • Business interruption.
  • Predominant causes of severe losses.
  • Largest losses of the past two years.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.

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