Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia March 22, 2022 Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of...
Bangladesh Files $22.4M Insurance Claim After Missile Hits Ship in Ukraine March 21, 2022 By Ruma Paul and Jonathan Saul State-owned Bangladesh Shipping Corp. is seeking $22.4 million from its insurer for a cargo ship hit by a missile in...
Aircraft Insurers Brace for Barrage of Russia Claims in Possibly Biggest Aviation Loss March 18, 2022 By Katherine Chiglinsky, Siddharth Philip and Max Reyes Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented...
Oman Insurance Co. Receives Nod to Underwrite via Lloyd’s Syndicate-in-a-Box March 17, 2022 Oman Insurance Co. (OIC) and Asta, the third-party managing agent at Lloyd’s, announced that OIC’s syndicate 2880 has received Lloyd’s...
Russia, Belarus Represent Less Than 1% of Business Transacted by Lloyd’s March 15, 2022 Russia and Belarus represent less than 1% of business transacted by Lloyd’s of London, the commercial insurance market said, adding...
Mosaic to Buy Sirius Int’l Lloyd’s Managing Agency; SiriusPoint to Be Mosaic Investor March 10, 2022 Mosaic Insurance has entered into an agreement to purchase the Lloyd’s managing agency of SiriusPoint as part of a transaction...
UK to Ban Russian Companies From London Aviation Insurance Market March 3, 2022 LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s...
People Moves: Lloyd’s Names Gomez People Officer; McMillan Joins Brace Specialty From Canopius March 2, 2022 Lloyd’s Names Gomez as Chief People Officer Lloyd’s of London has appointed Sara Gomez as chief people officer (CPO). As...
COVID-19 Cases Are Dropping, but Many UK Employees Still Opt to Work From Home February 8, 2022 By William Shaw, Irina Anghel and Loukia Gyftopoulou With pandemic restrictions in the UK largely gone, offices are getting busier. Yet vast numbers of desks still remain empty....