Aerospace

Lessor WWTAI is also pursuing the claim via clause AVN67B, naming the Russian insurers of the airlines in possession of its aircraft.

The two have been at Gallagher since 2019, when the firm clinched the acquisition of JLT Aerospace.

The lessor was awarded $355.4mn for the total loss of two aircraft and more than $55mn for costs relating to the recovery of another plane and its engines.

The carrier cited a “huge” spread of possible outcomes from various lawsuits relating to aviation claims from the conflict.

Fighting between Sudan’s army and the RSF have resulted in the total loss of three planes, with nine others still on the ground at Khartoum Airport.

The aircraft lessor has already launched several legal actions relating to aircraft stranded in Ukraine.

The broker’s Plane Talking report highlighted the excess hull war and liability market as a key area of hardening within the aviation market, as capacity has been restricted and reinsurers take harder lines.

Hampden wrote that the syndicate may be leaving the 2021 year of account open “depending on developments over the next 12 months”.

The Lloyd’s syndicates named in the trial include Tokio Marine Kiln’s Syndicate 510 and Syndicate 1880, Liberty Managing Agency, MS Amlin and Munich Re.

The business has hired former AGCS aviation underwriter Alistair Blundy as CEO.

Insurers have been flooded with litigation relating to aircraft stranded in Ukraine.

Insurers including AIG, Fidelis, Swiss Re and Chubb along with several lessors were in favour of merging the aviation war cases, while lessor AerCap wanted a separate, standalone trial for its lawsuit.