Royal & SunAlliance, CGNU, Tokio Marine, Mitsui Marine, Munich Re, Zurich Insurance Company, CNA and Chubb Corporation insure the American and United Airlines, Insurance Times can reveal.
The firms all underwrite Global Aerospace, the lead insurer for American Airlines and a provider of “significant” cover for United Airlines, the two airlines involved in Tuesday's attacks.
Tony Medniuk, chief executive of Global Aerospace, today confirmed the group's involvement but declined to specify the exact amount of exposure. He said the group was liable for less than 50% of American Airline's claims and it is understood the true figure is 30%.
Reinsurer Hannover Re today said both American and United had coverage limits of $1.5bn (£1bn) per event.
Mr Medniuk said whether Tuesday's actions constituted one or more events was one of a number of factors to affect the costs but said Global could handle its initial assessments of possible claims.
He said: “Global Aerospace is the lead insurer for American Airlines and a significant provider of insurance to United Airlines.
“We also provide insurance to other organisations with a potential involvement in the recent tragic events in the USA.
“We have been working to assess the impact of these events on our business, reviewing our gross and net exposures against a range of assumptions. These include some very pessimistic scenarios.
“I can assure all our brokers and clients that we
