The lead insurer of the Helios Airways Boeing 737-300 that crashed in Greece will pay out regardless of any negligence on the part of the airline.
Global Aerospace Underwriting Managers (GAUM) confirmed it is the lead underwriter on a joint hull and liability policy that is understood to have been brokered by Aon.
A spokesman for GAUM said that the pool would pay out under strict liability regardless of negligence.
The value of the hull has been estimated at $30m (£16.5m) and the liability limit at $600m, (£331m), according to sources.
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.
