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The loss figure only includes property losses incurred in Turkey, as Perils does not cover Syria. -
Montgomery Aviation and Rise Aviation Limited, along with EOS Aviation, have launched fresh legal battles against Convex and Lancashire.
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A fire at a warehouse outside Amsterdam damaged a substantial amount of cocoa owned by Cargill.
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The loss figure has been updated from the previous estimate of A$840mn, released six weeks after the event.
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Exposure growth in Japan was in the low-single digits, reflecting a more modest inflationary environment.
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Lawsuits from lessors KDAC and Merx will be included in the ‘mega trial’ to be heard next year.
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Rise Aviation has named the two insurers as the representatives for its all-risk and hull-war reinsurance policies, respectively.
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Lessor WWTAI is also pursuing the claim via clause AVN67B, naming the Russian insurers of the airlines in possession of its aircraft.
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Plus the latest executive moves and all the top news of the week.
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In the first quarter of the year, the total global economic loss for all natural hazards was estimated at $77bn.
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The council has appointed Deloitte to examine carriers’ performance during the crisis.
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The carrier cited a “huge” spread of possible outcomes from various lawsuits relating to aviation claims from the conflict.
