22-05-2017 21:59 via insuranceinsider.com

Lloyd's carriers sued over $400mn Samir loss

A number of Lloyd's carriers are embroiled in legal action in
New York over the alleged theft of $400mn of oil by Moroccan
refinery Société Anonyme Marocaine de l'Industrie du
Raffinage (Samir), court documents show.
The action was brought by US-based private equity firm Carlyle
Group in the Southern District Court of New York in March and was
moved to the Supreme Court of New York on 8 May.
The buyout firm advanced Samir a shipment of oil through its...
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