(Bloomberg) — The Malaysia Airlines jet that was shot down over the eastern Ukraine amid a Russia-backed rebel insurgency was insured by Atrium Underwriting Group Ltd. in case of war, the company confirmed in an e-mailed statement today.
Atrium said it's working with its co-insurers, lawyers and others to settle claims for the plane itself as part of its policy insuring the hull for damage in a war.
The commercial jetliner, a Boeing 777, was shot down from a high altitude over the eastern part of Ukraine where insurgents are fighting government forces. The plane was en route to Kuala Lumpur from Amsterdam and crashed near the town of Torez, killing all 298 on board. The government in Kiev blamed the attack on pro-Russian rebels, an accusation the separatists denied.
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