Intensifying war risks may drive up aircraft insurance premiums

Nigel Weyman, aerospace global executive with Arthur J. Gallagher & Co., said that the worsening military conflict in Sudan may drive up aircraft insurance premiums, further increasing the considerable cost pressure on airlines from the Russia-Ukraine war, Aviation International News reported. Mr. Weyman added that war-associated risks, taking into consideration other global tensions such as China’s aggressive stance over Taiwan, have further increased concerns for airlines.