According to a CNN, the Sikorsky S-76 helicopter had on Sunday received special dispensation to fly in foggy conditions. The helicopter was registered to Island Express Holding Corp.
Passengers travelling with Bryant included his daughter Gianna, his daughter’s friend Alyssa, Orange Coast College baseball coach John Altobelli and Altobelli’s wife, Keri. There were no reported survivors from the crash.
Several (re)insurers have in recent months pulled back from general aviation as the market segment suffers from a rise in losses and an uptick in costs of claims administration.
In August last year, this publication revealed Swiss Re Corporate Solutions had curtailed its participation in the global GA market.
This followed a slew of prior withdrawals from the GA sector, including Brit and MS Amlin, which previously stopped writing the category of aviation risk.
In 2017, the general aviation market was left reeling by a range of losses including more than $60mn of losses on a Mexican military account known in the aviation market as Sedena.
AIG, Axa XL and SterlingRisk declined to comment regarding cover for the helicopter.
Great American, Island Express, Swiss Re and WR Berkley did not respond to a request for comment.