Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the matter said.
Aviation war insurers based in Europe, the United States and the Lloyd's of London market can issue a 7-day notice of cancellation or other changes to terms and conditions in the event of a major conflict they feel will make the long-term insurance risk too great.such notices due to the war between Israel and the Palestinian group Hamas. Israeli airlines have now received the notices, two sources told Reuters, without naming the airlines.
Israeli carriers have continued to fly while most foreign airlines have cancelled flights to Tel Aviv, expanding flights to bring back those travelling abroad and those called up to reserve service for the military. "These operators did not have operational experience flying into Israel and not under conditions where there is a conflict taking place," he added.
"If for whatever reason they are delayed, they need to be communicating with underwriters," Hanrahan said.
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