Liability Risk and Insurance
Ecuadorian cover based in London
US$300mn liability cover for Ecuadorian airline TAME’s Boeing 727-100, which crashed into the side of a volcano on the Ecuadorian/Colombian
border in foggy conditions late in January, was led by London-based
Global Aerospace Underwriting Managers, placed by Heath Lambert Group. All 92 people on board died. The hull was valued at US$1.5mn.