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Munich Re Syndicate leads $108mn Jewellers' theft loss

19 January 2009

Munich Re-owned Lloyd’s Syndicate 457 leads the cover for the theft of approximately $108mn of diamonds from the prestigious Paris branch of jeweller Harry Winston last month, with cover understood to be placed by Willis.

The raid represents the biggest diamond heist since February 2003, when thieves took diamonds valued at EUR100mn from vaults at Antwerp’s diamond exchange. As Christmas shoppers strolled outside, the gunmen forced store employees to strip rings, necklaces and earrings from window displays and pull more...

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This article was published as part of issue January 2009/3

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