The crash of a Boeing machine of Ethiopian Airlines, with 157 dead and the world flight of the 737 Max 8’s ban is for the re-insurance tax. Overall, the damage payments for the sector, with its flagship Munich Re and Swiss Re could exceed the one billion mark.

The damage claims for the industry could add up to a billion dollars, said James Vickers from the insurance broker Willis Re, in an Interview with the Reuters news Agency. For the aviation reinsurance market, “which was very small and very, very specialized”, which is a very high sum, he added. This could weigh on the sector over three to four years.

air insured

there is a ban on The British Global Aerospace leads a consortium of insurers and Reinsurers, the Boeing insure. Munich re had estimated the expected level of damage from the crash to 100 to 120 million euros.

The insurance group, Talanx, Hannover re, said, meanwhile, as part of a consortium, it is probably a low two-digit million amount. Boeing have completed a product liability policy with the consortium, the emerging also for the financial consequences of a temporary flight ban.

Too early for exact Numbers

the Swiss Re or Berkshire Hathaway billionaire Warren Buffett is expected by Boeing to be affected. In the case of Swiss re-insurers to hold back, however, with a comment on possible damage claims. It is too early, let the group at the request of the news Agency AWP.

about three weeks Ago, the new Boeing had crashed 737 MAX of Ethiopian Airlines in Ethiopia, 157 people lost their lives. In the crash of a machine of the same type were died in October in Indonesia 189 passengers. Up to determine the cause of a flight is practically a worldwide ban for this aircraft series.

An eagerly-awaited inquiry report on the recent crash might be released in the course of the week, said an Insider. (SDA/nwa)