A division of Allianz SE is the lead insurer for the Germanwings jetliner that crashed in the French Alps on March 24, killing all 150 people who took the flight.
Allianz Global Corporate & Specialty confirmed in a statement that it is the lead insurer for the Germanwings aviation “hull and liability” policy covering the fateful Airbus A320 flight. AGCS said it shares the policy with “a number of co-insurers,” which it did not name.
Reuters, citing industry sources, reported that AIG was another underwriter, and JLT and Willis were joint brokers for the insurance placement.
French investigators said that terrorism wasn’t likely in the crash, but a number of unanswered questions remain, The New York Times reported.
Here’s the full statement from Allianz Global Corporate & Specialty, which covered the Airbus A320 plane:
“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. 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.”



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