Aviation
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May 6, 2022
QBE estimates $75m loss from Ukraine war as rate momentum slows
QBE said it expects the net impact from the conflict in Ukraine to total $75m across its political risk, political…
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May 6, 2022
Delvag reports profit and premium increase as aviation sector recovers
Delvag Versicherungs, the insurance operation of Germany’s Lufthansa Group, has posted decent figures for 2021 partly on the back of…
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April 20, 2022
Rate increases set to moderate but market wary of uncertainty
Buyers should expect a moderation in rate increases for many lines of business at upcoming renewal but the cyber liability…
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April 19, 2022
Russia-Ukraine conflict could become largest insured loss in history, warns PCS
Claims from the conflict in Ukraine could become the largest insured loss on record, according to Property Claims Services (PCS).…
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April 13, 2022
Airbus takes big reputational risk on Russian titanium
As Ukraine's President Volodymyr Zelenskyy urges the European Union to stop buying Russian oil and other core exports, Netherlands-based aerospace…
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April 4, 2022
Aviation market losses on a scale ‘not seen before’ from Russian-leased aircraft: Gallagher Re
Aviation (re)insurers face “sizeable losses… to an extent not seen before” from the Russia-Ukraine conflict, according to Gallagher Re. In…
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April 1, 2022
S&P estimates insured losses up to $35bn from Russian Ukraine conflict
Aviation and specialty line insurers face a “major claim” from the Russia-Ukraine conflict with total losses likely to be between…
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March 31, 2022
AerCap files $3.5bn claim for aircraft leased in Russia
Aircraft leasing firm AerCap said it has filed a $3.5bn insurance claim for its planes left in Russia, sounding the…
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March 31, 2022
Four new underwriting divisions created in Beazley restructure
Beazley has created four underwriting divisions as it updates its underwriting team structure. The insurer said the move was designed…
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March 24, 2022
(Re)insurers face Russia aircraft leasing loss of up to $11bn, says Moody’s
New Russian legislation that will see Russian airlines effectively impound aircraft leased from foreign lessors could result in potential insurance…
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March 22, 2022
Aviation loss between $5bn and $10bn from Russian groundings would see market harden, says Fitch
Fitch has predicted that the aviation insurance market would harden if its estimate of losses between $5bn and $10bn from…
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March 18, 2022
Marsh appoints Mohit Kanthra as leader of Marsh Specialty in Asia
Mohit Kanthra has been appointed as leader, Marsh Specialty, Asia, with effect from 1 July 2022. According to Marsh, he…
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March 16, 2022
Aviation market could face $10bn loss from Russian grounding: Berenberg
Analyst Berenberg believes that aviation insurers could be facing a $10bn loss from aircraft grounded in Russia under threat of…
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March 15, 2022
Aviation insurers face potentially huge loss as Kremlin moves to seize grounded planes in Russia
The international aviation insurance market will be nervously tracking the effective nationalisation by the Russian government of more than 500…
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March 11, 2022
Western-owned aircraft in Russia face risk of seizure and nationalisation
Commercial aircraft leased by Russian airlines from western owners may be vulnerable to seizure and nationalisation, as first reported in…
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March 10, 2022
Aviation market faces up to multibillion-dollar losses from Russian grounding
An estimated 589 western-built aircraft with a market value of $13bn (£9bn) are currently on the ground in Russian airports,…
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March 9, 2022
UK strengthens ban on Russian aircraft and prohibits claims payments
UK Foreign Secretary Liz Truss has announced a new suite of aviation sanctions against Russia that includes a ban on…
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March 4, 2022
Lloyd’s instructs underwriters to tell buyers of coverage changes as Ukraine conflict intensifies
Lloyd’s has called on insurers to identify policyholders affected by the conflict in Ukraine and inform them of any changes…
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March 3, 2022
UK government bans Russian aviation buyers from London and UK insurance market
Russian aviation and space buyers have been blocked from accessing the UK and London (re)insurance market, following a new batch…
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February 25, 2022
Exclusions and closed nature of Russian market will limit insured losses, says GDV
The German insurance association (GDV) says that the Russian invasion of Ukraine should have a minimal impact on the German…