Market sources say Catlin leads insurance coverage of Pakistan plane crash

On Wednesday, July 28, an Airbus A321 jet crashed near the Pakistan capital of Islamabad. The jet, carrying 152 passengers and crew, was en route from Karachi, Pakistan to Islamabad. All on board were killed.

Business Insurance magazine is reporting that Bermuda-based Catlin confirmed that it is the lead underwriter, but the source could not say what percentage of the risk that the insurer covers.

Sources said Willis Group Holdings P.L.C. placed the coverage for the airline.