Pemex and insurers settle claim for $650mn

Pemex and its insurers have settled a claim relating to an April
2015 platform fire for $650mn, bringing the loss in just below the
reserve currently held by the market, The Insurance
Insider can reveal.
Sources told this publication that the Mexican state-owned
energy company and the lead insurer, QBE's O'Farrell
syndicate, struck a deal last week.
The loss had initially been notified to the market by broker
Marsh at $670mn-$780mn,
but in March last year Pemex revised this upwards...