AVN67B: The first port of call for aircraft lessor Russian sanctions claims?

27 April 2022

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Moscow, Russia airport apron and leased Aeroflot Airbus A320-214 with an offshore registration from Bermuda.jpg

Since it became apparent that Russia’s invasion of Ukraine, and the sanctions that followed, had the potential to create the biggest loss to the aviation market to date, the market has been scouring its policies for any potential avenues for claims to be made.

To date, most of the attention has been focused on the contingent market, where the aircraft leasing companies source cover when the operators’ policies fail to respond.

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AVN67B: The first port of call for aircraft lessor Russian sanctions claims?

Since it became apparent that Russia’s invasion of Ukraine, and the sanctions that followed, had the potential to create the biggest loss to the aviation market to date, the market has been scouring its policies for any potential avenues for claims to be made.

Uncover exclusive insights tailored for insurance leaders

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AVN67B: The first port of call for aircraft lessor Russian sanctions claims?

Since it became apparent that Russia’s invasion of Ukraine, and the sanctions that followed, had the potential to create the biggest loss to the aviation market to date, the market has been scouring its policies for any potential avenues for claims to be made.

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Uncover exclusive insights tailored for insurance leaders

Topics

Marine war tensions growing with Iran seizure of tanker insured for $140mn

Allianz Commercial promotes Soja to lead global marine

Iran-Israel violence raises concern over ‘escalation clause’ on treaties

UAE record rainfall causes floods in Dubai

Lawsuits against SEC climate disclosure rules may last beyond 2025

Nat cat insured losses hit at least $20bn in Q1 2024: Gallagher Re

Clear appoints Hunt as managing director of its MGA business