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Search resuls for: "Hive Underwriters"


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El Al Israel Airlines planes are seen on the tarmac at Ben Gurion International airport in Lod, near Tel Aviv, Israel March 10, 2020. Insurers for Israeli flag carrier El Al Airlines (ELAL.TA), Israir (ISRG.TA) and Arkia have previously said they can issue such notices due to the war between Israel and the Palestinian group Hamas. Israeli airlines have now received the notices, two sources told Reuters, without naming the airlines. Israeli's parliamentary finance committee last week approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. Airlines normally take out two types of policy - an "all risks" policy which covers both regular damage to the hull and passenger liability, and a "war" policy to cover war or terror-related losses to the aircraft.
Persons: Ronen, Bruce Carman, Arkia, Israir, Garrett Hanrahan, Hanrahan, Carolyn Cohn, Sinead Cruise, David Evans Organizations: El Al Israel Airlines, Ben, REUTERS, Aviation, El Al Airlines, Palestinian, Hamas, Hive Underwriters, El Al, Lebanese, East Airlines, Airlines, Marsh's Global Aviation, Reuters, Hezbollah, Norwegian Air, Thomson Locations: Ben Gurion, Lod, Tel Aviv, Israel, Lebanon, Europe, United States, London, Turkey, Beirut, Eilat
LONDON, Nov 30 (Reuters) - Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow's invasion of Ukraine. Lessors argue the aircraft are covered by policies against war or theft, but insurers point out the planes are undamaged and might yet be returned. Here is a list of claims filed against insurers in London, Dublin and the United States, with the most recent filing listed first. SMBC AVIATION CAPITAL VS LLOYD'S OF LONDONSMBC filed a claim against Lloyd's of London (SOLYD.UL) in the Irish High Court on Nov 28. BOC AVIATION VS 16 INSURERSBOC Aviation has begun legal action against 16 insurers, according to an Irish High Court filing on Nov 3.
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