A brokerage unit of New York-based Marsh & McLennan Cos. Inc. placed the coverage for Sao Paulo-based TAM, Brazil’s largest airline.
The TAM Airbus 320, which was en route from Porto Alegre, Brazil, crashed Tuesday evening while trying to land in rainy conditions at Congonhas Airport in Sao Paulo. After skidding off its runway, the jet slammed into a TAM cargo building and exploded, killing all 186 passengers and crew on board plus three TAM employees in the cargo building, an airline spokeswoman said.
Five TAM employees are still missing, and 11 more were hospitalized, according to the spokeswoman. Authorities are investigating the cause of the crash.