Allianz lead reinsurer to missing AirAsia plane


  • World
  • Monday, 29 Dec 2014

Two members of the Indonesian Navy's Tactical Commanding Operator (TACCO) help with the search for AirAsia flight QZ 8501 on board a CN235 aircraft over Karimun Java, in the Java Sea December 28, 2014 in this photo taken by Antara Foto. REUTERS/Antara Foto/Eric Ireng

HONG KONG/FRANKFURT (Reuters) - Allianz SE could be exposed to claims of at least $100 million (64 million pounds) linked to the AirAsia jet missing off the Indonesian coast with 162 people on board, which would be the third major airline accident it has been exposed to this year.

Allianz said on Monday it was lead reinsurer on the flight, having previously been the main reinsurer to Malaysia Airlines flight MH370 which disappeared over the Indian Ocean in March, as well as to flight MH17, shot down in July while flying over Ukraine.

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