The insurance question is an interesting and timely one.
The one Lloyds syndicate, Ortac, that was underwriting the vast majority of ex-mil jets in the UK has closed its doors to that line of business now, and as each policy is coming up for renewal, owners are finding it very difficult to get cover at an acceptable price, if at all. Other syndicates are simply not interested in underwriting the risk.
This bodes very badly for PPLs with limited if any jet time getting into such syndicates in the future and suggests a possible glut of such aircraft on the market shortly.
2D