Allianz leads coverage on Germanwings plane
Allianz Global Corporate & Specialty (AGCS) has confirmed it is the lead aviation hull and liability insurer for Germanwings flight 4U 9525.
The plane, carrying 150 people, crashed in the French Alps on its way from Barcelona to Duesseldorf today (Tuesday March 24). None of the 144 passengers or six crew are expected to have survived.
“It would not be appropriate to comment on the details of this tragic event at this stage, except to say that our thoughts are with all those involved,” said a spokesperson for AGCS.
“We can confirm that Allianz Global Corporate & Specialty is the lead insurer of the Germanwings aviation hull and liability policy which covers this flight 4U 9525. As is normal practice in aviation insurance, AGCS shares the policy coverage with a number of co-insurers. We are ready to support our client as fully and quickly as possible, working in conjunction with our co-insurers.”
AGCS was also the lead aviation hull and liability reinsurer for Malaysia Airlines MH17, the flight that crashed in July over Eastern Ukraine with the loss of 295 lives.
