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(Bloomberg) -- Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively been commandeered.
The corporation revealed that Ukraine, Belarus and Russia represent under 1 per cent of all underwritten premiums, so the total level of claims is expected to 'fall within manageable tolerances.'
Bruce Carnegie-Brown (picture)said the insurance market was 'absolutely four-square behind' eradicating bullying and harassment uncovered in 2019.
Investegate announcements from Lloyds Of London, Lloyd's syndicates' 2019 results; 2020 projections
Russia's move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from