Missing aircraft of Malaysia Airlines reinsured by Kazakh insurance company

Photo: Missing aircraft of Malaysia Airlines reinsured by Kazakh insurance company / Kazakhstan

Baku, Azerbaijan, March 17

By Elena Kosolapova - Trend:

The missing Boeing 777 of Malaysia Airlines and the carrier's liability to the airline passengers were reinsured by Kazakh Insurance Company Eurasia, the company's web-site reported on March 17.

"The company expects the documents required for establishment of the circumstances of the accident and its recognition as an insured event," the company said.

No trace of Malaysia Airlines Flight MH370 has been found since it vanished on March 8 with 239 people aboard. Investigators are increasingly convinced it was diverted perhaps thousands of miles off course by someone with deep knowledge of the Boeing 777-200ER and commercial navigation.

Satellite data suggests the plane could be anywhere in either of two vast arcs: one stretching from northern Thailand to the borders of Kazakhstan and Turkmenistan, or a southern arc from Indonesia into the Indian Ocean west of Australia.

Eurasia Insurance Company said that the "mysterious disappearance" is an insurance risk and is quite common in insurance policies.

Earlier, Eurasia Insurance Company reinsured the Costa Concordia cruise ship which sank in Italy in early 2012.

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