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Insured losses from crashed Air France plane may reach $1bn

The Air France passenger plane that went missing over the Atlantic Ocean may result in $1bn of insured losses, Guy Carpenter has said, quoting the UK reinsurance press.

On Monday Reinsurance revealed that the hull of the aircraft is insured for around $100m, while Guy Carpenter, quoting the UK reinsurance press' "market sources", added liability costs could run

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Having departed Crawford & Company in 2023, Lee Sadowski joined insurance property claims specialist Preferred – a company he had previously tried to buy – as chief strategy officer. Almost two years on he reflects on diversification and achieving zero complaints with a strategic client.

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