Concorde Crashes Outside Paris; 109 Dead

July 25, 2000

A supersonic jet went down just after taking off from the Charles de Gaulle Airport Tuesday, killing all but one of the 109 passengers and crew. The Air France Concorde crashed near Les Relias Bleus Hotel in the little town of Gonesse, engulfing the building in flames. Four people on the ground were killed, as well.

Stewart Wilson, chief operating officer of Heath Lambert in London, broker with Lloyd’s, confirmed that Lloyd’s has some of the coverage for the aircraft. “But the direct insurance of Air France is done into the French market,” Wilson said. “Heath handles a portion of the reinsurance, so a small portion of the risk is based directly at Lloyd’s.”

Wilson could not determine a dollar amount as yet. “Reports are still coming in, we know that 100 passengers and nine crew have died, as well as four people on the ground. But the value of the liability claim will take quite a while to come out.”

The plane, which took off just after 5 p.m. Paris time, was reportedly chartered by German tour group Deilmann, and was en route to John F. Kennedy Airport. The BBC quoted eyewitnesses as describing the plane losing altitude in “a huge ball of fire and an enormous plume of black smoke.”

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