MH370: Insurance firms could face losses between US$250-450million
March 31, 2014 00:00
Insurance and re-insurance companies could face losses between US$250 million-US$450 million related to Malaysia Airlines' missing jet, according to Standard & Poor's Ratings Services.
In a note today, it expects the impact on the credit profiles of the rated reinsurers and insurers exposed to this event to be limited. The loss estimate is based on public and market sources, pending on potential court settlements.