After 2 years of pandemic pain and multi-billion-dollar industry losses, 2022 showed signs of recovery for the global aviation industry. As the first quarter concludes, however, Russia’s invasion of Ukraine and the geopolitical uncertainty it has brought has created a renewed sense of uncertainty, casting a shadow over the optimism around recovery.
From an insurance perspective, the situation has created a host of new challenges however we hope and expect that the insurance market will again react calmly and sympathetically following a full assessment of the actual situation as it stands today, alongside a measured and constructive outlook for the future.
In our latest issue of Plane Talking we cover a broad range of topics from commentary on current aviation market conditions and losses, to a summary of the latest market moves and Gallagher news. We’re also pleased to present an article from external contributor Dzung Nguyen Tu, Deputy CEO at La Reunion Aérienne & Spatiale.