April 1, 2019 / 8:52 AM / 5 months ago

Ethiopian crash could be largest non-war aviation reinsurance claim-Willis Re

LONDON, April 1 (Reuters) - Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, broker Willis Re said in its April round-up of reinsurance pricing.

The crash of Ethiopian Airlines flight ET 302 on March 10 killed 157 passengers and crew, the second deadly crash involving a Boeing Co 737 MAX 8 airliner in five months.

As the crash site and black boxes are investigated, the 737 MAX 8 has been grounded worldwide as a precautionary measure and regulators are stepping up action to improve air safety while Boeing is carrying out a software upgrade to the plane's automated flight control system. (Reporting by Carolyn Cohn; editing by Simon Jessop)

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