The Argo Group, an international underwriter based in Bermuda, has announced that it will not be renewing their insurance policy with the Trans Mountain pipeline.
The Group stating the project no longer fits the company’s risk appetite.
The move comes despite a recent victory for Trans Mountain to protect the identity of its insurers.
Construction is underway on the Trans Mountain expansion project with a completion date set for the end of 2022. Work in the Merritt area is expected to increase this Summer.
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