The Turkish Airliner that crashed in Amsterdam on Wednesday could cost insurers $47 million, according to reinsurance broker Guy Carpenter.

Guy Carpenter said the carriers that provided insurance covering the Turkish Airlines Boeing 737-800 included Allianz and Global Aerospace Underwriting Managers Ltd.

The plane reportedly crashed as it approached the landing stripping, breaking apart on impact. Of the 134 passengers and crew on the aircraft, nine are reported dead, including the pilot and three other crew members. More than 80 were reported injured, with 25 in serious condition.

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