18 May 2013

EUR300mn industrial loss to hit HDI-Gerling-led programme

20 July 2012

March's explosion at the Evonik Industries chemical plant in Germany is now expected to cost the direct & facultative (D&F) market in the region of EUR300mn, Inside FAC has learned.

The insurance cover for a the facility is led by German industrial insurer HDI-Gerling on a programme brokered by Miller Insurance Services, according to industry sources.

The EUR300mn loss is understood to relate to a EUR50mn claim for property damage to the Marl plant, plus EUR250mn for business interruption (BI),...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue July 2012/2

Insider Publishing Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2013. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π