The UK Government has introduced a short term scheme to provide indemnity for third part (war and terrorism) liabilities above US$50m. Apparently available to all holders of Type A or B air operator's licences (UK AOL holders) and aviation 'service providers' eg airports, ground handlers etc Maximum scheme limit is US$2billion. Premium rates are US$0.25 per pax carried for up to US$750m or US$0.50 per pax above US$750m. Premium for 'service providers' is 25% of gross premioums payable under their existing insurance.
An insurance company (Troika Insurance Co Ltd) has been established for the sole purpose of writing this cover. It is capitalised by HM Treasury who will also indemnify Troika against 100% of all liability and costs incurred.