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Insurance Insider previously reported that the Irish lessor was holding talks with Aeroflot Group. -
The carrier set out a string of defences in the $3.5bn suit.
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The cost of living, government distrust, polarisation, activism and climate all pose heightened risk.
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Plus all this week’s top exclusives and executive moves.
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The biggest increases came from North American hurricane and earthquake coverage, where retentions rose from $350mn to $600mn.
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More than 239,000 insurance claims relating to the event have been lodged, according to the ICA.
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Talks relate to a deal that would see Aeroflot take ownership of the AerCap planes.
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24 February marks the point when blocking and trapping claims can be lodged against war risk insurers, against ships stuck waters around Ukraine.
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The insured losses include those to private insurers as well as to the Turkish Catastrophe Insurance Pool.
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The conflict is set to inflict billions of dollars of losses across the specialty insurance market.
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Topics discussed included Caribbean cat risk, protests in Peru, crisis in Argentina and the World Cup.
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The loss estimate rose from a previous figure of EUR3.7bn issued six months ago.
