Lloyd’s of London insurers and carrier backed by AIG face claim for Brussels diamond heist

According to a report in a leading media, Lloyd’s of London insurers including a carrier backed by American International Group Inc. (AIG) are facing claims on the diamond theft occurred at the Brussels airport runway this week, as mentioned by people with knowledge of the policies. The heist was of diamonds worth around $50 million.

Reports also suggest that in the policy which was bought by Brink’s Co. (BCO), AIG’s Ascot was the lead insurer and Willis Group Holdings Plc (WSH) was the broker, according to the people, who asked not to be named, as mentioned by reports.

Ascot and Willis have sent loss adjusters to Belgium to investigate the heist, said the people, as reports say. Also, as mentioned in reports, Ed Cunningham, a Brink’s spokesman who declined to identify the companies providing coverage or the size of the loss stated that statement by “We self-insure up to an amount we deem appropriate, and then we use third-party insurers,” and that “The entire incident is under investigation.”