- 1 min
Leading insurer of private French forests
Since 2011, Pacifica has insured the portfolio of XLB Assurances, a brokerage firm specialising in the insurance of forests and lakes (general third-party liability, fire and storms). With over 50% of the market, we are the leading insurer of French forests.
At present, French forests are poorly insured against storm and fire damage. The public authorities would like to see this coverage extended and incentive measures have been implemented. Consequently, since 1st January 2017, only forest owners who are insured against storm damage are entitled to benefit from any State aid that might be available. They are also entitled to a tax reduction on their insurance policy.
Insuring the forests is a major environmental commitment because in the event of a storm or a fire, an insured forest will be easier to replant.
XLB Assurances is in charge of subscriptions and claim management. The Regional Banks and LCL act as expert channels for these policies covering fire and storm risks, in addition to general third-party liability. the portfolio of XLB Assurances is insured by Pacifica.