Insurers expected to raise war risk premiums after MH17 and conflicts in Israel and Libya

admin
By admin July 24, 2014 17:05

Insurers expected to raise war risk premiums after MH17 and conflicts in Israel and Libya

Insurers are expected to increase war risk premiums for airlines, following recent losses due to conflicts in Israel and Libya, and the MH17 disaster.

The insurance settlement of the MH17 in particular, is expected to be complex and lengthy as the claims would be for both the hull loss and passenger liability.

Lloyd’s Syndicate 609, which is managed by Atrium Underwriters Ltd, has confirmed that it is the leader of the hull war policy for Malaysia Airlines.

War risk hull is used in shipping and aviation industries to cover damages and is calculated based on the value of the craft.

Barclays Bank has stated in a research note that if reports that MH17 was shot down are verified, the aircraft loss will be borne by the niche aviation war market.

admin
By admin July 24, 2014 17:05
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fzone-europe%2Finsurers-expected-to-raise-war-risk-premiums-after-mh17-and-conflicts-in-israel-and-libya%2F"> registered </a> users can comment.