¿Cómo se protegen Enaire y Aena contra el riesgo de guerra?

Enaire, the Spanish area navigation company, has secured coverage for potential economic losses due to unintentional damage to third parties, including damages caused by war, terrorism, strikes, and hijackings. The company contracted for a 12-month policy with Allianz Global, replacing the previous insurer XL Insurance, which is a subsidiary of AXA's large risks division.

Enaire's policy costs 1.19 million euros, while the total budget for the public tender was 1.23 million euros. The insurer provides coverage for damages caused by various events, including war, terrorism, strikes, and hijackings. This type of coverage has been a standard in the aviation industry since the 9/11 attacks in 2001, when the global insurance market drastically reduced or limited war and terrorism coverage.

The policy is essential for Enaire to operate as a provider of air navigation services. While not formally mandatory, it is practically necessary for the company to provide its services. The coverage extends to damages caused by events such as war, invasion, hostility, sabotage, confiscation by governments, hijacking, and illegal seizure of aircraft.

The policy also includes explicit exclusions for nuclear or radioactive risks and the outbreak of war between the United States, France, China, Russia, and the United Kingdom. Lloyd's market in London reported on Thursday that the conflict in the Middle East has resulted in losses of approximately £1.4 billion (€1.6 billion) for the insurance market, which is the initial estimate of the insurance market's response to the U.S.-led war against Iran.