LEXINGTON, Ky. - Dubai Millennium's death Sunday night after a week-long fight with acute grass sickness will result in a near-record insurance payout.

The Racing Post in England reported Tuesday that Dubai Millennium had been insured through Lloyd's of London for 30 million British pounds, or about $43 million. The payment is believed to be second only to the $36.5 million for which Calumet Farm insured its star stallion Alydar, who died in 1990 after sustaining a broken leg in his stall.

The most recent major insurance claim on a promising young stallion came four years ago, when two-time North American Horse of the Year Cigar was found to be infertile. Assicurazioni Generali, the Italian insurance company that had insured Cigar's breeding career at Ashford Stud, eventually paid out $25 million.

Darley Stud, Sheikh Mohammed al-Maktoum's organization that owned and stood Dubai Millennium at Dalham Hall Stud near Newmarket, England, has said that he covered 82 mares from his book of 100 this year. At age 5, he was in his first year at stud.