Willis Re: 737 MAX grounding could be largest ever non-war claim in the aerospace market

    Willis Re reported (01-Apr-2019) the ongoing grounding liability claim related to Ethiopian Airlines and the Boeing 737 MAX crash “could potentially be the largest ever non-war claim the market has incurred”. According to the reinsurance firm, the “claim could erode three to four years’ worth of reinsurers’ global excess of loss premium”.