Further Jubilee creep could take loss to $1.5bn

(Re)insurers could find themselves on the hook for around $1.5bn
of claims from the Jubilee fields loss as the largest insured
involved, Tullow, prepares to increase its claim, The
Insurance Insider can reveal.
The Tullow portion of the claim is currently reserved at $490mn,
but sources have said that a new loss adjuster's report will
indicate a need for this to rise substantially.
Including interest payments, the new market reserve to cover the
deterioration will probably have to be comfortably