Insurance budgets slashed at oil firms

The oil and gas sector is seen as high risk for corruption

Source: U.S. Navy photo by Photographer's Mate 2nd Class Andrew M. Meyers.

Insurance buying budgets have been hit by tough market conditions as global oil companies suffer losses in the billions. One of those companies is Maersk Oil, which clocked up a loss of $2.1bn last year. The group’s risk manager speaks out on how the company is managing the risk

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