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Saudi Arabia

Howden Wins SABIC Insurance Contract

SABIC has awarded Lloyd's broker Alexander Howden an insurance contract toset up a full property and liability program to cover SABIC's assets worth some$8.8bn. Insurance cover for SABIC was previously handled by Marsh &McLennan. According to some reports, Alexander Howden is completely revising theMarsh & McLennan program which was organized around a global package. Thepremium for the SABIC insurance cover...