A commercial airliner that crashed into the Black Sea early Wednesday morning, killing all 113 on board, was insured in the London market, according to reports.
The Armenian Airbus A-320 was covered by Lloyd's Syndicate 318, the MSF Pritchard syndicate, which is managed by Beaufort Underwriting Agency.
The plane's hull was insured for $25m, according to market sources. The cover includes a combined liability limit of $750m.
The broker for the policy was London-based United Insurance Brokers, sources noted.
