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Rise Aviation has named the two insurers as the representatives for its all-risk and hull-war reinsurance policies, respectively.
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Lessor WWTAI is also pursuing the claim via clause AVN67B, naming the Russian insurers of the airlines in possession of its aircraft.
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Plus the latest executive moves and all the top news of the week.
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In the first quarter of the year, the total global economic loss for all natural hazards was estimated at $77bn.
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The council has appointed Deloitte to examine carriers’ performance during the crisis.
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The carrier cited a “huge” spread of possible outcomes from various lawsuits relating to aviation claims from the conflict.
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Fighting between Sudan’s army and the RSF have resulted in the total loss of three planes, with nine others still on the ground at Khartoum Airport.
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The aircraft lessor has already launched several legal actions relating to aircraft stranded in Ukraine.
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The loss hits a market grappling with social and economic inflation, plus increased reinsurance costs.
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Total economic losses came in well above average, driven by the earthquake in Turkey.
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SRCC losses have now also surpassed other classes of political violence insurance claims, with more than $10bn since 2015, compared with $1bn for terrorism.
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High tornado activity at the end of the quarter is expected to add to the claims toll.