BUSINESS

Allianz confirms it's lead insurer for AirAsia flight 8501 missing off Indonesia

The Associated Press Published Monday, December 29, 2014 5:14AM EST

Relatives of the passengers of AirAsia flight QZ8015 wait for the latest news on the search of the missing jetliner at Juanda International Airport in Surabaya, East Java, Indonesia, Sunday, Dec. 28, 2014. (AP / Trisnadi)

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BERLIN -- Allianz says it is the lead insurance firm for the AirAsia jetliner that went missing off Indonesia with 162 people on board.

The Munich-based reinsurance giant said Monday that its subsidiary Allianz Global Corporate & Specialty UK is the lead insurer for AirAsia, including for liability insurance.

Allianz said in a statement that it is too early to comment on the incident itself, but expressed its support for those affected by it.

An international search is underway to determine the fate of AirAsia Flight 8501, which disappeared from radar Sunday morning over the Java Sea on its way from Surabaya, Indonesia, to Singapore.