The reinsurer provided airline manufacturer liability cover for Boeing and was a co-insurer with Ethiopian Airlines
Swiss Re has confirmed that it was one of the cover providers for both Boeing and Ethiopian Airlines.
The reinsurer stated that it was part of the panel that covers Boeing’s airline manufacturer liability policy and is also a co-insurer of Ethiopian Airlines.
The company refused to give precise contractual details, but it is understood to be only a minor part of the insurer panels. Chubb and Willis Towers Watson were revealed as the lead insurer and broker of Ethiopian Airlines last week.
“Swiss Re does not comment on any contractual details of their insureds,” a Swiss Re spokesperson added.
“As per established best practices, Boeing, Ethiopian Airlines and their insurers will go through a detailed discovery process that will include independent third party assessments about the likely root cause(s) that caused this fatal crash to determine liability, applicability of coverage etc..
“In parallel we will support our insureds in managing the impact of this tragic event on the victims and their families.”
An investigation is currently ongoing into what caused an Ethiopian Airlines plane to crash, killing all 157 passengers and crew on board.
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