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D&F claim from 3M rises to $250mn

14 April 2011

Claims on the direct and facultative (D&F) market from industrial conglomerate 3M are set to rise to $250mn, sister title Inside FAC understands.

Earlier this month Inside FAC revealed that 3M had notified the market that it expected to make a $150mn claim.

3M is a multinational industrial conglomerate that operates in Japan through a joint venture that manufactures components for industrial goods and consumer electronics.

Details are scarce, but it is understood that the claim arises from physical damage...

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