ACE Global leads coverage on Ethiopian jet crash
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An Ethiopian Airlines plane carrying 90 people caught fire and crashed into the sea minutes after taking off from Beirut early on January 25. No survivors were found.
In Ottawa, the Foreign Affairs department said there was one Canadian citizen on board.
Reports say that the pilot flew in the opposite direction from the path recommended by the control tower after taking off from Beirut in thunderstorms.
According to market sources, ACE Global markets lead the hull and liability coverage on the plane. The Boeing 737-800 was said to be insured for $39 million. Sources said that Aon Ltd., a unit of Chicago-based Aon Corp., is the broker for the airline’s coverage.
Ascend Worldwide, a UK based company that tracks aviation accident data, said that this accident is the fourth fatal accident for Boeing’s newest generation of 737s.
