Russia’s expropriation of over 500 aircraft means (re)insurers are facing losses that could hit $10bn in a worst-case scenario, with a realistic expectation of claims coming in at $5bn to $6bn, said Fitch Ratings, as it warned of potential capital erosion at some specialized Lloyd’s carriers.
For details on how to subscribe or for all commercial opportunities, including advertising, please contact:
Tel: +44 (0) 203 934 6687
Tel: +44 (0) 203 934 6684
Subscribers get access to: