Cover Story - Aviation: Third-party war cover under all-risks airline insurance policies – A major challenge after 9/11
Source: Asia Insurance Review | Apr 2009
In the aftermath of the terrorist attacks on the World Trade Center on September 11, there was a major struggle to keep Asian (and the rest of the world’s) airplanes in the air. One simple consequence of the tragedy was the near impossibility of obtaining enough insurance cover to continue flying. Mr Ian Wrigglesworth, Managing Director of Aviation Reinsurance, Guy Carpenter, recounts the nerve-wrecking seven days when brokers had to scramble for cover to prevent airlines from being grounded which would have been devastating to the economy.
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