Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Liberty-led excess cover likely to escape Paris bank hit

9 April 2010

GAN and Axa Corporate Solutions lead the primary coverage for the spectacular heist at the Crédit Lyonnais branch on Paris's Avenue de l'Opera on 27 March, sister publication Inside FAC revealed last week.

Liberty Mutual in Paris is also understood to lead the excess programme, though it is doubtful whether the size of the loss - as yet undisclosed - will be enough to affect this layer, according to market sources.

The programmes were placed within the specialty market.

French...

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