Insight and Intelligence on the London & International Insurance Markets

19 March 2018

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AGCS leads $44mn Mexican helicopter claim

John Hewitt Jones 26 February 2018

Allianz Global Corporate & Specialty (AGCS) is the lead insurer on a Mexican helicopter loss that is set to cost the aviation market up to $44mn, The Insurance Insider can reveal.

The claim has not yet been settled but carriers are expecting to pay out a figure in the region of $24mn for the aircraft's hull and a maximum of $20mn for liabilities arising from the 16 February crash.

The loss is known in the market as Sedena, after the...

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