Russian Airlines Could Be Frozen Out of Aircraft Leasing Market After Ukraine War March 29, 2022 By Tim Hepher Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s...
Irish Lessors Terminate All Russian Airline Leases March 29, 2022 All Irish lessors terminated their Russian airline leases by Monday’s European Union sanctions deadline and have so far had limited...
March 2021 Floods in New South Wales, Queensland Cost Insurers A$688M: PERILS March 28, 2022 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final industry loss estimate...
Analysis – Aircraft Lessors Lose Hope of Getting Back Russian Planes Worth $10B March 28, 2022 By Jamie Freed As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes...
Japan’s Powerful Earthquake Estimated to Cost Insurers $2 Billion-$4 Billion: Verisk March 24, 2022 The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance? March 23, 2022 By Tom Hals Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy...
Russia Says 78 Planes Have Been Seized Abroad After International Sanctions: Report March 22, 2022 Seventy-eight Russian aircraft have been seized abroad, the Interfax news agency quoted Transport Minister Vitaly Savelyev as saying on Tuesday,...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia March 22, 2022 Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of...
Financial Market Volatility From Russia-Ukraine War Likely to Affect European Insurers March 22, 2022 The Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct...