Allianz Reinsured Lost AirAsia Plane

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HONG KONG, Dec 29 – German insurer Allianz is the lead reinsurer, through one of its divisions, to the AirAsia plane that went missing yesterday and is presumed to have crashed off the Indonesian coast with 162 people on board, the company said today.“We can confirm that Allianz Global Corporate & Specialty UK (AGCS) is the lead reinsurer for AirAsia, for aviation hull and liability insurance,” an Allianz spokeswoman said in a statement. AGCS is also the lead liability insurer for Malaysia Airlines, which lost two planes earlier this year, one of which shot down while flying over Ukraine. The other has not been found.

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