Willis sets up aviation community risk group

Willis sets up aviation community risk group

Willis sets up aviation community risk group

Willis Towers Watson (WTW) has launched a data and risk strategy group called A Class for its aviation clients. Set up as a community group for aviation operators in light of the current coronavirus pandemic, it will build data, knowledge and solutions to help them analyse and mitigate risks. A Class will feature a data platform to strengthen aviation buyers’…

Marsh JLT Specialty appoints global head of aviation

Marsh JLT Specialty appoints global head of aviation

Marsh JLT Specialty appoints global head of aviation

Garrett Hanrahan has been appointed as global head of aviation, Marsh JLT Specialty. He will succeed Simon Harker, who is retiring after 44 years in the industry. The appointment will take effect from 15 April this year. According to Marsh, in this role Mr Hanrahan will oversee Marsh JLT Specialty’s global aviation practice, which advises many of the world’s leading…

Coronavirus spikes in Europe as Italy places northern towns on lockdown and global pandemic fears mount

Coronavirus spikes in Europe as Italy places northern towns on lockdown and global pandemic fears mount

Coronavirus spikes in Europe as Italy places northern towns on lockdown and global pandemic fears mount

The impact of Covid-19 hit Europe hard over the weekend, as the Italian government in particular took drastic action to try and halt a fast-rising number of cases in the country. The Italian authorities placed several northern towns on lockdown as there were reports of up to 150 cases in the country by Sunday evening, up from the World Health…

Greenberg says simple maths means market hardening will continue as Chubb delivers strong results

Greenberg says simple maths means market hardening will continue as Chubb delivers strong results

Greenberg says simple maths means market hardening will continue as Chubb delivers strong results

Chubb’s Evan Greenberg believes that simple maths means the insurance market will continue to harden for some time, as the insurer saw average rates increases of 10% for international retail business and 8.5% in North America during Q4, which helped the company deliver an impressive set of results. Mr Greenberg said rates increased at an “accelerated pace” in each quarter…

AGCS appoints CUO for speciality business

AGCS appoints CUO for speciality business

AGCS appoints CUO for speciality business

Allianz Global Corporate & Specialty (AGCS) has appointed Henning Haagen as chief underwriting officer of specialty. Mr Haagen, who is currently regional head of specialty and northeast zone executive for AGCS North America, will take on the role from March 2020. AGCS said it will announce his replacement at a later date. Mr Haagen will relocate from New York to…

Aviation losses line up further insurance price hikes in 2020, warns Gallagher

Aviation losses line up further insurance price hikes in 2020, warns Gallagher

Aviation losses line up further insurance price hikes in 2020, warns Gallagher

Large losses anticipated for 2019 will drive further rate hardening for aviation insurance buyers in 2020, according to analysis from broker Gallagher. In a market overview, Peter Elson, CEO of aerospace at Gallagher, said 2019 could be one of the most expensive years on record for aviation insurers once figures are finalised. He said all segments were affected and the…

BGC’s Asian offering boosted by key aviation hire at newly named Piiq Risk Partners

BGC’s Asian offering boosted by key aviation hire at newly named Piiq Risk Partners

BGC’s Asian offering boosted by key aviation hire at newly named Piiq Risk Partners

Piiq Risk Partners, a global aerospace (re)insurance brokerage that is part of US-based BGC Insurance Group and was only was renamed last week, has announced the appointment of Ian George as senior partner in a move that will boost the specialist broker’s presence in Asia. Mr George currently works at Willis Towers Watson where he most recently held the role…

Gallagher adds to Asian capabilities with stake in leading Malaysian broker

Gallagher adds to Asian capabilities with stake in leading Malaysian broker

Gallagher adds to Asian capabilities with stake in leading Malaysian broker

AJ Gallagher, the global insurance broker, risk management services and consulting firm, has added to its global programme capabilities through the acquisition of a minority stake in specialist Malaysian broker SP&G Insurance Brokers for an undisclosed price. The US-based broking firm now has six operations in the Asia-Pacific region. The Malaysian investment adds to existing operations in Singapore, Australia and…

Airports face up to climate change risk

Airports face up to climate change risk

Airports face up to climate change risk

Climate change is now one of the top risks faced by airports, according to a poll held at the Willis Towers Watson Airport Risk Community (ARC) annual conference. It found that 86% of the audience believe airports are exposed to climate risk, while 48% said flooding is the main weather risk. The failure of critical IT systems came top of…

Indian crash landing on moon sparks hunt for space cover for domestic launches

Indian crash landing on moon sparks hunt for space cover for domestic launches

Indian crash landing on moon sparks hunt for space cover for domestic launches

The Indian Space Research Organisation (ISRO) is on the hunt for insurance cover for the first time for a domestically launched space satellite, according to The Times of India. The ISRO has been launching satellites into space since 1975 but, until now, has not deemed it necessary to buy insurance cover. The newspaper said there has been a change of…

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