Ascot lead on Brinks diamond theft coverage
The London specie market is also expected to be in receipt of a claim following the diamond heist at Brussels Airport on the 18th February - from security firm Brink's.
Ascot is said to be the lead insurer on the Brink's programme which is understood to have been brokered by Willis, according to a report by Bloomberg.
As Inside FAC revealed earlier this week, the theft from a Helvetic Airways aircraft is likely to hit the aviation market via Helvetic parent Lufthansa's aviation cargo policy.
It is understood that the Lufthansa programme is placed by the airline's in-house broker Albatross, is led by Allianz and is reinsured into the London market by Willis and JLT.
Caroline De Wolf, of the Antwerp World Diamond Centre, said the haul was estimated to be worth some $50mn.
A Brink's spokesman told Bloomberg that the company has repaid all of its customers for their losses and confirmed that Brink's has coverage for the loss via the Lloyd's of London market.
The robbery took place in the evening from the hold of a Helvetic Airways plane.
A spokesman for Brussels Airport said the thieves made a hole in the perimeter fence and drove right up to the plane, which was ready to take off.
The robbers left their car, brandishing weapons, and took the loot from the hold of the aeroplane, before driving off through the same hole in the fence.
The diamonds had been loaded from a Brinks security van onto the plane, which was bound for Switzerland.
Allianz was unavailable for comment.
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