On March 14th, Russia passed a law that allows for the confiscation of all non-Russian-owned or financed aircraft in the country. Most airlines lease much of their equipment and there are estimated to be more than 500 aircraft that can be impacted. It is an estimated 10 to 15 billion dollars in losses to the international aviation insurance market. Given that the annual international aerospace insurance market worldwide is around $6 billion, this will be devastating to the aviation insurance market. Tune in to learn more!