![]() ![]() Information on the costs of the Lion Air element of the claim are not known, but are thought to rack up into the hundreds of millions of dollars also. The portion of loss associated with the Ethiopian Airlines crash is estimated to sit at around $2.25 billion, this increasing from $990 million. ![]() Aviation reinsurers with the biggest market share include: Swiss Re, Hannover Re and Munich Re. These claims come under Boeing’s manufacturers policy which is led by Global Aerospace, but brokered by Marsh. The claim is made up of three factors: the cost of grounding the faulty planes, the costs relating to the crash of the Lion Air flight 610 in October 2018, and the costs relating to the loss of Ethiopian Airlines flight 302 just three months later, on March 10th 2019. At around three billion US dollars, it exceeds the two and half billion paid out after the September 11th attacks on the twin towers. LONDON – Insurance experts are suggesting that the claim relating to the two Boeing 737 MAX crashes in 20 is now one of the single biggest claims in aviation history. ![]()
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