Eurasia Kazakh insurance company reinsures Boeing again

Under the reinsurance agreement the company covers all risks of direct physical loss including business interruption for the total sum of USD 69,937,813,689. The limit of "Eurasia" JSC liability is 5% of the total sum insured.

The Boeing Company is an American multinational corporation that designs, manufactures and sells fixed-wing aircraft, rotorcraft, rockets and satellites. It also provides leasing and product support services. Boeing is among the largest global aircraft manufacturers, is the second-largest aerospace and defense contractor in the world based on 2012 revenue and is the largest exporter in the United States by dollar value. Boeing stock is a component of the Dow Jones Industrial Average. The company's corporate headquarters are located in Chicago and the company is led by Chairman and CEO James McNerney. Boeing is organized into five primary divisions: Boeing Commercial Airplanes (BCA); Boeing Defense, Space & Security (BDS); Engineering, Operations & Technology; Boeing Capital; and Boeing Shared Services Group. The Boeing Company has more than 170,000 employees in 70 countries.

Recall that March 8, 2014 flight MH370, operated on the B777-200 aircraft, departed Kuala Lumpur at 12.41am. MH370 was expected to land in Beijing at 6.30am the same day. The flight was carrying a total number of 227 passengers (including 2 infants), 12 crew members. The plane vanished with 239 passengers aboard.

The Telegraph newspaper then reported that insurers were already carrying out insurance benefits and the aircraft was reinsured by group of insurance / reinsurance companies headed by the German giant ‘Allianz'. Other reinsurers were GIC Re, Hannover Re, Lonpac Insurance, Malaysian Re and Kazakhstan Insurance Company "Eurasia".