The Turkish Airliner that crashed in Amsterdam on Wednesday could cost insurers $47 million, according to reinsurance broker Guy Carpenter.
Guy Carpenter said the carriers that provided insurance covering the Turkish Airlines Boeing 737-800 included Allianz and Global Aerospace Underwriting Managers Ltd.
The plane reportedly crashed as it approached the landing stripping, breaking apart on impact. Of the 134 passengers and crew on the aircraft, nine are reported dead, including the pilot and three other crew members. More than 80 were reported injured, with 25 in serious condition.
This is the third major air accident in a matter of weeks. An U.S. Airways Airbus A320 was ditched in the Hudson River in New York City last month, with all 155 passengers and crew surviving. Meanwhile, a Continental Bombardier Q-400 crashed in upstate New York earlier this month as it neared its landing in Buffalo, killing all 50 aboard.
Guy Carpenter said the Continental aircraft loss was insured for $19 million, while the U.S. Airways Airbus was insured for $40 million.
American International Group was reportedly the lead insurer on the U.S. Airways Airbus. Global Aerospace Underwriting Managers Ltd. and United States Aviation Insurance Group were involved in the underwriting of the Continental aircraft.
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