Ethiopian Airlines has predicted losses from the Ethiopian Airlines crash and grounding of Deutsche Bank ’s 737 Max 8 aircraft will affect the entire insurance industry. Munich Re owns 51% of Global Aerospace, which is the lead insurer for Boeing alongside broker Marsh. Deutsche Bank estimates property claims and payments to victims' families will reach between $50-100m , and be absorbed primarily by the lead insurer and broker for Ethiopian Airlines , Chubb and Willis Towers Watson , respectively. However, Munich Re expects to see reinsurance losses up to €120m ( $134m ). Further claims may follow if Boeing 's software is deemed to have malfunctioned, air carriers claim for business interruption from the Boeing grounding, or lawsuits arise and Deutsche Bank policies are activated.
Ethiopian Airlines has predicted losses from the Ethiopian Airlines crash and grounding of Deutsche Bank ’s 737 Max 8 aircraft will affect the entire insurance industry. Deutsche Bank estimates property claims and payments to victims' families will reach between $50-100m , and be absorbed primarily by the lead insurer and broker for Ethiopian Airlines , Chubb and Willis Towers Watson , respectively. However, Munich Re expects to see reinsurance losses up to €120m ( $134m ). Further claims may follow if Boeing 's software is deemed to have malfunctioned, air carriers claim for business interruption from the Boeing grounding, or lawsuits arise and Deutsche Bank policies are activated.