Aviation market braces for multi-hundred-million loss on Jeju crash
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Aviation market braces for multi-hundred-million loss on Jeju crash

Axa XL leads the aviation all-risks reinsurance coverage for the destroyed Jeju Air Boeing 737-800 craft.

By Abbie Day Adam McNestrie
December 30, 2024
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Rescue team members work at the site of a plane fire at Muan International Airport in Muan, South Korea, Monday, Dec. 30, 2024. (AP Photo/Ahn Young-joon) - Image ID: 2S0XE81
Source: AP Photo, Ahn Young-joon

The Jeju plane crash could be a multi-hundred-million loss for the aviation market, with the liability component set to drive the lion’s share of the loss, Insurance Insider understands.

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Topics

News Aerospace Re/insurers Axa XL AJ Gallagher Brokers UK and Europe
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