World Insurance Report
Security
29.8, armed robbery
Corsica: an investigation was started into an armed robbery on board a luxury yacht off the coast of Corsica in which more
than €130,000 was stolen. Yacht
Tiara
(428 gt, built 2004), was boarded off the Corsican coast, in what is the first incident of its kind in many years. No one
was injured in the attack, which was considered to be a case of armed robbery, rather than piracy, as it occurred in national
waters. The
Tiara
is understood to have been on charter to a group of German businessmen. Charter rates for the yacht are of the order of €180,000
per week.