09-05-2017 15:45 via insuranceinsider.com

Macron purchased cover against first round meltdown

Newly elected French president Emmanuel Macron purchased a
financial indemnity policy from Allianz against a first-round
disaster scenario of failing to capture more than 5 percent of the
vote, according to leaked documents.
Documents from Macron's En Marche party, published on Friday
(5 May) prior to the run-off against Marine Le Pen, show the
president purchased a guaranty limit of EUR8.0mn ($8.8mn) from
Allianz to reimburse the campaign's outgoings if he failed to
meet the minimum number of v
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