Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Domestic insurer Alfa on hook for Saratov airliner loss

  • John Hewitt Jones and Adam McNestrie 12 February 2018
  • Russian insurer AlfaStrakhovanie is on risk for the Saratov Airlines plane that crashed on Sunday (11 February) killing all 71 people on board, The Insurance Insider can reveal.

    Sources said the Antonov An-148 aircraft has a hull value of $10mn, with early and highly provisional estimates of the passenger liability suggesting it will not go higher than $20mn-$25mn.

    This suggests that the loss will not go higher than around $30mn.

    Alfa has a low-attaching excess-of-loss reinsurance treaty in place, which...

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