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World Insurance Report

Late reports

7.1, helicopter crash, fatality

Indonesia: Robert Chandran, the chief executive and founder of Singapore-listed fuel trader Chemoil, died in a helicopter crash while travelling in Riau, Indonesia. Mr Chandran was the head of the biggest supplier of marine fuel in the Americas with annual revenue of $4.4bn. Indonesian police and military spokesmen confirmed the helicopter had been carrying air force officials and five civilians, and that one civilian, Mr Chandran, was killed. The accident occurred as the helicopter was trying to land near Pekanbaru, the capital of Riau province. Chandran was ranked 14th on the Forbes 2007 list of the 40 richest people in Singapore. Married with two children, he was estimated to be worth $490mn, according to Forbes magazine.

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