Monday, December 26, 2016

Allianz Is Lead Underwriter for Crashed Germanwings Airbus A320



German insurer Allianz showed it become the lead insurance underwriter for the Airbus A320 plane which crashed in the French Alps on Tuesday.
All 150 humans on board the plane, operated by Lufthansa’s Germanwings budget airline, had been feared useless.
“we are equipped to assist our customer as absolutely and quickly as viable, operating together with our co-insurers,” Allianz said in a assertion.
Planes are typically insured by a consortium of underwriters who proportion the danger.
AIG was any other of the underwriters, coverage enterprise assets said.
JLT and Willis had been joint agents for the coverage placement,  separate enterprise resources added. The plane had an insured loss of $6-$7 million, they stated. (Reporting by using Carolyn Cohn, Jonathan Gould and Richa Naidu, editing with the aid of Sinead Cruise and Simon Jessop)

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