Analysis: Aircraft lessors prepare to fight insurers over Russian plane default

Passenger planes of Aeroflot – Russian Airlines are parked at Sheremetyevo International Airport in Moscow, Russia March 12, 2022. REUTERS/Marina Lystseva Join now for FREE unlimited access to Register Major landlord promises ‘vigorous’ pursuit of claims Legal expert says results could be unpredictable Soaring insurance rates ‘are not a pretty sight’ Lessors keep in … Read more

Launch into space? Not so fast. Insurers balk at new coverage

September 1 (Reuters) – An ever-growing amount of space debris threatens satellites hovering around Earth, making insurers reluctant to offer cover to devices that transmit text, maps, video and scientific data , said industry sources. Thousands of new satellites are being launched into areas where orbital trash has been piling up since the first space … Read more

Indian Life Insurance Corp files $8 billion IPO documents

Planned stake sale would eclipse Paytm’s record $2.5 billion IPO LIC’s offer crucial to government’s privatization goal The company manages over $500 billion in assets NEW DELHI, Feb 13 (Reuters) – The state-run Life Insurance Corporation of India (LIC) has filed draft documents with the market regulator to sell 5% of its shares to raise … Read more

EXCLUSIVE AIG plans to cut insurance for Russia and Ukraine – sources

The AIG logo is seen at its building in New York’s Financial District March 19, 2015. REUTERS/Brendan McDermid Join now for FREE unlimited access to Register LONDON, April 8 (Reuters) – AIG (AIG.N)one of the world’s largest commercial insurers is considering reducing coverage for Russia and Ukraine, to protect itself from the risk of … Read more