Reinsurer braced for huge Paris airport payout

3rd June 2004, Comments 0 comments

MUNICH, Germany, June 3 (AFP) - Munich Re, the world's biggest reinsurer, said Thursday it could pay out tens of millions of euros in claims related to the partial collapse of a terminal at Charles de Gaulle airport in Paris last month.

MUNICH, Germany, June 3 (AFP) - Munich Re, the world's biggest reinsurer, said Thursday it could pay out tens of millions of euros in claims related to the partial collapse of a terminal at Charles de Gaulle airport in Paris last month.

"The collapse of part of the roof of the new terminal at Roissy-Charles de Gaulle airport could affect Munich Re in the mid double-digit million euros range, depending on the cause of the disaster," the reinsurer said in a statement.

A judicial inquiry is underway to determine the cause of the fatal partial collapse of the airport's state-of-the-art Terminal 2E, opened less than a year ago at a cost of EUR 750 million (USD 915 million), which left four people dead and three injured.

French Transport Minister Gilles de Robien expects an interim report on the accident to be ready this month.

The main direct insurers are French insurers Axa and Groupama, while the reinsurers are Swiss Re, Munich Re, Scor and General Re.

© AFP

Subject: French news

 

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