P&I insurers to quit war risk cover for Russia and Ukraine from January 1
December 29 2022 by Kristina Shperlik
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Chinese lessor Avmax secures US$29m from Liberty-led insurers for planes lost in Russia
- August 12
Company had leasing contracts with Russian carriers for three Dash 8 turboprop regional airliners, which are now irretrievable due to sanctions.
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Watershed moment as insurers told to cover jets stranded in Russia
- June 12
AerCap, which owns 116 of the planes, was awarded US$1bn after the judge ruled that the cause of the loss was 'an act or order of the Russian government' and should be covered by war risks policies.
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SMBC Aviation’s insurance settlements for jets stranded in Russia reach US$1.4bn
- May 23
Japanese aircraft lessor says it received US$24m in FY25 and US$630m, in addition to a US$756m settlement from Russian insurer NSK in 2023.
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India-Pakistan tensions put pressure on pricing, capacity as carriers remain cautious
- May 13
Market is unlikely to face significant losses due to limited appetite for risks associated with high exposure near the border region, says industry expert.
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