Willis taps Marsh for key appointments

Willis taps Marsh for key appointments

Willis taps Marsh for key appointments

Willis Towers Watson has tapped Marsh for its new head of marine broking, and power and utilities CEEMA region leader. Willis Towers Watson has appointed David Ripton as head of broking, global marine in its corporate risk and broking unit. Mr Ripton joins Willis’s global marine team from Marsh, where he worked as CEO for UK marine business. In his…

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing has suspended all 371 of its worldwide 737 Max aircraft fleet, after the US became the last major country to ground the planes over safety fears. The decision follows news that Global Aerospace is the lead insurer for Boeing, with Chubb confirmed as lead underwriter of the Ethiopian Airlines plane that crashed on Sunday and Willis Towers Watson the broker…

EU bans Boeing Max as Global Aerospace confirmed lead insurer

EU bans Boeing Max as Global Aerospace confirmed lead insurer

EU bans Boeing Max as Global Aerospace confirmed lead insurer

The EU has banned all Boeing 737 Max aircraft from flying in Europe over safety concerns, with more than half of the world’s 350-strong fleet now reportedly withdrawn from use. Meanwhile, Global Aerospace has confirmed it is the lead insurer for Boeing. The policy could see heavy product liability claims from the grounded aircraft, which now face serious questions. “I…

UK P&I Club issues maritime burn risk guide

UK P&I Club issues maritime burn risk guide

UK P&I Club issues maritime burn risk guide

UK P&I Club has warned of burn risks to personnel at sea and issued a prevention guide for shipowners. UK P&I Club said a “worrying number” of crew suffer pain, disfigurement, amputations and loss of life as a result of burns, with ships often far away from immediate medical treatment. Captain David Nichol, senior loss prevention executive at UK P&I…

AGCS launches product recall for emerging automotive risks

AGCS launches product recall for emerging automotive risks

AGCS launches product recall for emerging automotive risks

Allianz Global Corporate & Specialty (AGCS) has launched product recall cover for UK manufacturers of automotive component parts, although the company said it will expand to other markets including North America and Asia in due course. AGCS said the product would cover buyers for expenses linked to a recall – including repair, replacement and legal defence costs – as well…

ArgoGlobal appoints CUO for Europe and Asia

ArgoGlobal appoints CUO for Europe and Asia

ArgoGlobal appoints CUO for Europe and Asia

Lloyd’s insurer ArgoGlobal has appointed Alfredo Alonso chief underwriting officer for Europe, Middle East and Asia. Mr Alonso will take up the post in London this month, where he will report to Matt Harris, group head of international operations. Mr Alonso joins ArgoGlobal from RSA, where he worked in chief underwriting roles for the past seven years and most recently…

Tokio Marine names team to lead surety expansion in Nordics and Europe

Tokio Marine names team to lead surety expansion in Nordics and Europe

Tokio Marine names team to lead surety expansion in Nordics and Europe

Tokio Marine HCC has appointed Henning Skaarup as head of surety in the Nordics, as the company looks to expand its surety business in the region and into continental Europe. Mr Skaarup is currently acting general manager of a new Danish branch. In his new role, he will remain based in Copenhagen and will report to Luc Reuter, head of…

Chubb leads on Willis-brokered Ethiopian Airlines crash as safety fears mount

Chubb leads on Willis-brokered Ethiopian Airlines crash as safety fears mount

Chubb leads on Willis-brokered Ethiopian Airlines crash as safety fears mount

Chubb is the lead underwriter of the Ethiopian Airlines plane that crashed on Sunday with Willis Towers Watson the broker, a spokesperson for the intermediary has confirmed. The spokesperson was responding to Reuters following the crash of Ethiopian Airlines flight 302 shortly after take-off from Addis Ababa. All 157 passengers and crew were killed. Experts have placed the hull loss…