May 18, 2023
Via: Insurance BusinessAn aircraft leasing company is pursuing an $80 million claim for commercial airplanes lost in Russia following the invasion of Ukraine, despite the claimant never having seen the relevant policy documents. Shearwater Aircraft Leasing made the claim, which relates to […]
Geo-Political, Risk Management
April 18, 2023
Via: Insurance BusinessFierce fighting has erupted in Sudan’s capital, Khartoum, amid a power struggle between its army and paramilitary force RSF. Nearly 100 civilians were reportedly killed in the clashes over the weekend. The violence deepens concerns among insurers, who are still […]
September 28, 2022
Via: Insurance BusinessAccording to a recent report by DBRS Morningstar the risk of a prolonged Russian invasion of Ukraine will further complicate the resolution of aircraft leasing insurance claims which would take years to settle, with experts believing that this would require […]
Geo-Political, Risk Management
July 8, 2022
Via: Reinsurance NewsLeading aircraft leasing firm, SMBC Aviation Capital, has said it is “unlikely” that it will be able to recover 34 owned aircraft stranded in Russia following the country’s ongoing invasion of Ukraine and subsequent sanctions, leading the company to recognise […]
March 21, 2024
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