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),...
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