The Scandinavian Airlines System (SAS) jet which crashed into a Cessna light aircraft on the runway at Milan Airport on Monday, killing 118 people, was insured on the London Market through Aon.
Ace Global Market is thought to be the lead underwriter, with the plane covered for $1.75bn (£1.2bn) liability insurance and the hull valued at $18m (£12.3m).
The likely cause of the accident is a combination of thick fog and pilot error. But unions claim the accident would not have happened if the airport's ground radar system had been working.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
