Losses from Boeing 737 Max operated by Ethiopian Airlines which crashed shortly after take-off from Addis Ababa on Sunday has been speculated to be in the region of $50m to $60m, according to a report by reinsurancene.ws.
The airline, which was heading to Nairobi, killed all 157 passengers on board including two Nigerians.
The Nigerian victims were identified as a popular Nigerian-born Canadian professor and writer, Pius Adesanmi, and Ambassador Abiodun Bashua, a former Joint Special Representative for the African Union-United Nations Hybrid Operation in Darfur, Sudan.
Global insurance brokerage and risk management firm, Willis Towers Watson, has announced it is the insurance broker for Ethiopian Airlines, according to a Reuters report.
The announcement was made by a WTW spokeswoman on Monday.
The WTW spokeswoman added that Chubb was the lead underwriter for the Ethiopian Airlines account.
Photos
Boarding pass of victim discovered at the scene of the crash
Passport of a victim also discovered at the scene
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