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McGriff’s Diligence Affords Oil & Gas Client Huge Premium Reductions and Coverage Improvements

A private Oil & Gas operator was told by his global broker that only London and a limited number of carriers were prepared to offer renewal terms. After closely evaluating the client’s exposure, McGriff was able to identify several ways to transfer risk and attract additional domestic insurance markets to competitively bid on the client’s insurance program. Ultimately, the client enjoyed a 40% premium reduction with several coverage improvements.