Commercial aviation safety at all-time high

Commercial aviation safety at all-time high

Commercial aviation safety at all-time high

A record low number of accidents and fatalities made 2017 the safest ever year for commercial aviation, according to the Aviation Safety Network (ASN). A separate report by aviation consultants To70 also had last year as a good year for airline safety, but warned against complacency and stressed the figures were partly down to “good fortune”. In total, ten airline…

Marsh promotes Costin and Heath to UK aviation roles

Marsh promotes Costin and Heath to UK aviation roles

Marsh promotes Costin and Heath to UK aviation roles

Marsh has appointed Mark Costin as head of its UK aviation practice. Mr Costin was previously leader of Marsh’s UK aerospace team and will be placed by Oyin Heath. Marsh said Mr Costin will continue to be based in London. In his new role, he will be responsible for developing risk and insurance services and solutions for UK and international…

UK proposes new drone legislation to boost regulation and reduce risks

UK proposes new drone legislation to boost regulation and reduce risks

UK proposes new drone legislation to boost regulation and reduce risks

The UK government will put forward new drone legislation next spring that will require owners to register drones that weigh more than 250g and take a safety awareness test, among other measures. The Lloyd’s Market Association (LMA) Aviation Committee, which represents aviation insurers, welcomed the news after lobbying for drone legislation in response to a Department for Transport consultation in…

Thomas Miller Specialty appoints new team to underwrite general aviation

Thomas Miller Specialty appoints new team to underwrite general aviation

Thomas Miller Specialty appoints new team to underwrite general aviation

Underwriting agency Thomas Miller Specialty has launched a general aviation business to sit alongside its existing marine, offshore, aerospace and cyber insurance lines. Nic Vine, underwriting director, will head up the new unit with Bruce Dovey appointed as senior underwriter and Simon Ingrouille as underwriter. The team will work from a branch office in St Martin, Guernsey and Thomas Miller…

Mapfre Global Risks sets up in London aviation market to drive international growth

Mapfre Global Risks sets up in London aviation market to drive international growth

Mapfre Global Risks sets up in London aviation market to drive international growth

Mapfre Global Risks (MGR) is moving into London’s aviation insurance market by appointing former Willis Towers Watson man Oscar Becerra as aviation underwriter in the market. This will be the first time MGR will write aviation business directly from London and continues its strategy of driving international growth from the UK’s capital. Mr Becerra, who joins from Willis Towers Watson,…

Marsh unveils new global management structure and divisions

Marsh unveils new global management structure and divisions

Marsh unveils new global management structure and divisions

Marsh has announced a new global management structure that includes newly-formed Global Placement & Specialties and Global Risk & Digital (GR&D) divisions. The broker has also made new appointments to Marsh International and its executive team. Marsh’s new Global Placement & Specialties division encompasses its insurance placement activities as well as its global industry and practice specialties. Dean Klisura is…

JLT acquires Belgian specialty broker to boost EU platform

JLT acquires Belgian specialty broker to boost EU platform

JLT acquires Belgian specialty broker to boost EU platform

Broker JLT has joined London market insurers in establishing a platform for EU business post-Brexit. JLT said it has acquired Belgian specialty broker Belgibo from EXMAR Group to complement its existing Benelux operations, but also to support its service to clients in all 26 EU states and three European Economic Area states, after the UK has left the EU. Based…

Falling premium rates and competition to hit Lloyd’s, says Moody’s

Falling premium rates and competition to hit Lloyd’s, says Moody’s

Falling premium rates and competition to hit Lloyd’s, says Moody’s

Growing competition combined with tepid economic conditions and a likely reduction in reserve releases will put pressure on premium rates, growth and profitability at Lloyd’s, according to a report by Moody’s Investors Service. The firm says growth could even be sent into reverse in 2017/2018 because of falling premium rates, which have affected many of Lloyd’s’ core business lines including…

Pay-as-you fly drone cover ready for take-off

Pay-as-you fly drone cover ready for take-off

Pay-as-you fly drone cover ready for take-off

The UK’s first pay-as-you-fly drone insurance will be launched later this year by Allianz Global Corporate & Specialty (AGCS). AGCS has partnered with insurtech startup Flock to develop digital insurance products for the growing drones market. The on-demand drone insurance will be accessed by commercial and recreational users through a simple phone app. The so-called Flock Cover app will instantly…

Allianz announces online aircraft insurance partnership with Visicover

Allianz announces online aircraft insurance partnership with Visicover

Allianz announces online aircraft insurance partnership with Visicover

Allianz Global Corporate & Specialty (AGCS) has partnered with award-winning insurtech company, Visicover. Visicover will now offer its existing and new aeroplane and helicopter policyholders insurance products underwritten by AGCS. Visicover is an online-based service that allows customers to buy their insurance online and subsequently self-administer their policies, including renewals. “The aviation industry is undergoing significant change. New technologies are…

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