LONDON – S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday.
This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report.
Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said.
(Reporting by Carolyn Cohn; editing by Huw Jones)