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Allianz is lead reinsurer to missing AirAsia plane

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German insurer Allianz is the lead re-insurer, through one of its divisions, to the AirAsia plane that went missing on Sunday and is presumed to have crashed off the Indonesian coast with 162 people on board, the company said on Monday.

[HONG KONG] German insurer Allianz is the lead re-insurer, through one of its divisions, to the AirAsia plane that went missing on Sunday and is presumed to have crashed off the Indonesian coast with 162 people on board, the company said on Monday. "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 emailed to Reuters.

AGCS is also the lead liability insurer for Malaysia Airlines, which lost two aircrafts earlier this year, one of which was shot down while flying over Ukraine. The other has not been found.

REUTERS