Aircraft lessors prepare for ‘mega trial’ in row with insurers over planes stuck in Russia
AIG, Chubb and Lloyd’s of London among those facing multibillion-dollar claim, including from Dublin-based Aercap
Lloyds of London
European equities retreat as bank stocks tumble
Iseq index down almost 1.8% as AIB and Bank of Ireland slip after PTSB’s strong results
Aircraft lessors battle their insurers for billions of euro in compensation for planes stuck in Russia
Dublin-based aircraft leasing companies are seeking billions of euro in compensation for aircraft stuck in Russia
European shares edge higher as US inflation data stokes rate-cut bets
Iseq index adds 0.8%, outperforming European peers
Lawyers strike gold as Russia’s plane seizures spark lucrative litigation in Dublin
Legal action over valuable leased aircraft stranded in Russia generating €1 million in brief fees – plus €6,000 a day – for top commercial lawyers
It is right that reinsurers are finding it harder to fly under the radar
Industry plays vital role in spreading risk but the business model is changing
Tesla leads US megacap rally as European shares falter
Iseq index sheds more than 1% as Ryanair falls
Hotter-than-expected inflation data sends US stocks lower
Iseq index outperforms its European peers, adding 0.75 per cent
Goodbody Stockbrokers appoints James Garvey as chairman
Announcement comes following the death of previous chairman Gary Kennedy earlier this year
Shares advance ahead of likely Federal Reserve rates pause
CRH marked its last day of trading in Dublin with a 1.5 per cent gain
Bank of Ireland lures London banker to head up property and project finance
Bank of Ireland hire is part of CEO of corporate and commercial banking Gavin Kelly’s overhaul of unit he took charge of in March
Goldman Sachs bought UK and US companies using Chinese state funds
Deals tapped private equity ‘partnership fund’ that the bank set up with sovereign wealth fund China Investment Corporation
Markets a sea of green as US inflation cools
Latest consumer price data boosts hopes that the Fed could end rate hikes soon
Court to decide whether insurance case over jets stranded in Russia will be heard in England or Moscow
Single hearing in February will deal with jurisdiction issue relating to 40 claims by lessors over loss of aircraft following Russia’s invasion of Ukraine
Markets tread water as ECB president urges caution despite ‘significant progress’
Christine Lagarde tells bank’s annual conference in Portugal that interest rates will need to be higher for longer than previously thought
Jet lessors likely ‘face two year wait’ for insurance cash on planes in Russia
Dublin-based lessors seeking insurance payments for planes stranded in Russia amid Ukraine war
Lloyds of London slides to loss as £21bn handed to customers
World’s largest insurance exchange also marked down the value of its bonds following the sharp uptick in interest rates
Markets rally after days of turmoil fuelled by bank worries
Traders in Dublin say Thursday was a ‘day of two halves’ amid late session rally
Cyber attacks set to become ‘uninsurable’, says Zurich chief
Warning comes from Mario Greco, chief executive at insurer Zurich
Stocks fall as US data dampen Christmas spirit
Iseq index shed more than 0.8% on Thursday during a low-volume session
Dublin-based SMBC is latest aircraft lessor to sue over lost planes in Russia
Asian-owned leasing company joins growing list of firms suing over planes stuck after Russian invasion of Ukraine
European equities make modest gains as US holiday saps market activity
On low volumes, the Iseq index was flat after outperforming the major European indices on Wednesday.
Markets settle as investors bet on slower rates hikes
Blue-chip European Stoxx 50 index adds 1.2%, led higher by financials
Dublin-based BOC Aviation sues over leased aircraft lost in Russia
Asia’s largest aircraft lessor becomes latest firm to sue insurers over seized aircraft
Stocks struggle amid UK bond market jitters
US stocks looked to snap a losing streak as investors await earnings and inflation data
Aircraft lessor AerCap faces €3.5bn fight with insurers over stranded Russian planes
Legal battle waged by Dublin-based group, the world’s biggest aircraft leasing company, is likely to be a test case for other claims
Lloyd’s of London expects €1.44bn hit from Ukraine war
Aviation accounts for roughly a quarter of expected payouts, with losses also expected from marine and bad debts
‘Everything rally’ turns ugly as markets fret central banks will choke activity
Great unknown hanging over markets is how long the war in Ukraine will last
Tankers of Russian oil a prime target for western sanctions
The British government could demand that big insurance groups stop protecting fleets
European shares rise as mining and oil stocks lead gains
Bank of Ireland, Deutsche Bank and Spotify among the fallers
Investors fret over impact of war and monetary tightening to fight inflation
Shares across Europe fall heavily as doubts grow over Russia-Ukraine peace talks
Aircraft leasing firms kick off insurance claims for planes stuck in Russia
Value of aircraft held by Russia estimated at €11.8bn
Neutrality referendum not the ‘immediate challenge’ for Government - Coveney
Minister for Foreign Affairs says he is in discussion with EU counterparts in relation to Russia’s diplomatic presence
European bank shares halt slide after two days of steep losses
Russia’s invasion of Ukraine had dragged stocks to 11-month low
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