Axa XL sets Jeju Air reserves at $340mn
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Axa XL sets Jeju Air reserves at $340mn

The reserve includes hull, liabilities and legal expenses.

By Rebecca Perkins
February 24, 2025
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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

The lead insurer on Jeju Air’s aviation all-risks coverage has communicated to the following market that it has set reserves for the fatal December crash at $340mn, Insurance Insider can reveal.

Sources

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Topics

Specialty lines News Axa XL Catastrophe losses London market UK and Europe Claims and losses Aerospace
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