Coverage for fatal air crash placed in London market.(Brief article)

Byline: ZACK PHILLIPS

Mitsui Sumitomo Insurance (London Management) Ltd. leads insurance coverage of the recent crash of an Air India flight in Mangalore, India, according to market sources.

Air India Express Flight 812 overshot a hilltop runway at Mangalore International Airport on May 22, plummeting into the forest below and catching fire. Seven passengers survived of the 160 passengers and six crew members aboard the Boeing 737-800.

Coverage of the flight was led by London-based Mitsui, market sources said. Marsh Inc. was the broker.

The aircraft was valued at around $50 million, the sources said.

Mumbai-based General Insurance Corp. …