Allianz’s global head of communication Hugo Kidston confirmed Wednesday that the Munich-based insurer and “other co-reinsurers of Malaysia Airlines aviation hull and liability policy have made initial payments.”
Kidston said the payments were in line with normal market practice and contractual obligations when an aircraft is reported as missing.
He declined to say how much money the company had paid already and didn’t give any further details on who exactly received the money.
Search crews from 26 countries are looking for the plane that vanished early March 8 with 239 people aboard en route from Kuala Lumpur to Beijing.
Aussies say they’re on right track in hunt for missing 777 December 3, 2015
French confirm wing part is from missing Malaysia 777 September 3, 2015
What a six-foot 777 part might bring to MH370 mystery August 1, 2015
Suspected 777 part arrives in France August 1, 2015
Man describes finding 777 part on Reunion Island July 30, 2015
Wing part a solid clue in hunt for missing Malaysian 777 July 29, 2015
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