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Insurance and reinsurance update: Ukraine aviation claims and sanctions, case law highlights, Lloyd’s market moves, Consumer Duty, EIOPA priorities and 2024–25 regulatory milestones—weekly briefing, 11 January 2024

Published on: 11 January 2024

Published by a LexisNexis Insurance & Reinsurance expert
Legal News
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Article summary

Insurance & Reinsurance weekly highlights—11 January 2024

In this issue:

  • Ukraine conflict
  • Cases and decisions
  • Types of insurance
  • Market practice
  • Regulation
  • New and updated content
  • Case trackers
  • Key dates
  • Daily and weekly news alerts
  • LexTalk®Insurance: a Lexis®Nexis community

Ukraine conflict

Aviation claims

The conflict in Ukraine has profoundly disrupted the aviation insurance sector. Attention has centred on claims under aviation policies, as lessors attempt to recoup losses for aircraft that remain in Russia (typically still controlled and operated by Russian carriers). Consequently, numerous proceedings have been commenced before the courts in England, the US, and Ireland. For more detail, see Practice Note: Ukraine conflict—aviation insurance claims, which addresses the principal areas of contention under these policies. It also highlights further issues for claims under primary policies and contingent/possessed policies, and is prepared in collaboration with Russell Butland, counsel, and Hugo Flaux, senior associate, at Allen & Overy.

Sanctions

Refer to our revised Practice Note EU/UK financial and trade sanctions for insurers for an overview of the sanctions regimes, with particular focus on measures expressly prohibiting insurance and reinsurance. For practical guidance on...

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