UK Expands Sanctions That Target Russian Oligarchs’ Jets and Yachts March 31, 2022 Britain put in place new legal powers on Wednesday to prohibit maintenance on aircraft and ships belonging to specific sanctioned...
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions March 31, 2022 By Carolyn Cohn and Noor Zainab Hussain Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to...
Aircraft Leasing Firm AerCap Files $3.5B Insurance Claim for Jets Stuck in Russia March 30, 2022 By Siddharth Philip AerCap Holdings NV, the world’s largest aircraft-leasing firm, is seeking about $3.5 billion from insurers related to jets and engines...
Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War March 30, 2022 By L.S. Howard Zurich Insurance said it has removed the letter “Z” from its social media branding as a result of Russia’s use...
UK Cyber Agency Warns Organizations About Use of Russian Computer Technology March 30, 2022 Britain’s cybersecurity center on Tuesday said organizations providing services related to Ukraine or critical infrastructure should reconsider the risk associated...
Jet Leasing Firms Tally Up Losses Stemming From Russia-Ukraine War March 30, 2022 By Siddharth Philip Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings...
AM Best and S&P Ratings Suspend All Commercial Operations in Russia March 30, 2022 AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on...
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...
Russian Tankers Are Going Dark, Raising Concerns of Sanctions Evasion March 29, 2022 By K. Oanh Ha Russian tankers carrying oil chemicals and oil products are increasingly concealing their movements, a phenomenon that some maritime experts warn...
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...