AGCS aviation report warns of new risks in ‘safer skies’

AGCS aviation report warns of new risks in ‘safer skies’

AGCS aviation report warns of new risks in ‘safer skies’

Costly repairs and bird strikes are among growing trends in aviation claims, according to in-depth analysis of more than 50,000 aviation losses during the past five years by Allianz Global Corporate & Specialty (AGCS), which has warned against complacency despite fewer fatal accidents in recent years. In a new report entitled Aviation Risk 2020: Safety And The State Of The…

Majority of Swiss Re Corporate Solutions’ cutbacks to take place next year, says CFO

Majority of Swiss Re Corporate Solutions’ cutbacks to take place next year, says CFO

Majority of Swiss Re Corporate Solutions’ cutbacks to take place next year, says CFO

Swiss Re Corporate Solutions (SRCS) will make the majority of its cutbacks in badly performing business during 2020, with gross written premiums likely to increase a touch this year, according to the firm’s CFO John Dacey. At the end of July, SRCS announced it is pulling back from several underperforming classes that will see gross written premium reduce by about…

MS Amlin bows out of aviation market

MS Amlin bows out of aviation market

MS Amlin bows out of aviation market

MS Amlin has ceased underwriting new and renewal aviation business – excluding war risks, which continue to be accepted by its war unit. The company announced at the end of last month that aviation, along with eight other classes of business, will “no longer form part of its future strategic direction”. Aviation is the first of the nine classes earmarked…

EU compensation rules ‘crippling’ airlines and need reform: Gallagher

EU compensation rules ‘crippling’ airlines and need reform: Gallagher

EU compensation rules ‘crippling’ airlines and need reform: Gallagher

Airline compensation laws in the European Union are “crippling” the aviation sector, with passenger damages for flight cancellations and delays of more than three hours rising 300% since 2016, according to Gallagher, which is lobbying for changes to the rules. Gallagher said EU regulation 261, first introduced in 2004, is costing airlines two or three times revenues made on flights…

Marsh JLT names aviation leaders in London and New York

Marsh JLT names aviation leaders in London and New York

Marsh JLT names aviation leaders in London and New York

Marsh JLT Specialty has boosted its aviation senior management team with four appointments in London and New York. Tony Ambrose and Martyn Holland will join the UK aviation practice in London as managing directors. Mr Ambrose will move to Marsh JLT next month from Swiss Re, where he was head of aviation. Mr Holland will join from Aon, where he…

HDI Global names Stamm CUO for Switzerland amid wider reforms of business unit

HDI Global names Stamm CUO for Switzerland amid wider reforms of business unit

HDI Global names Stamm CUO for Switzerland amid wider reforms of business unit

HDI Global has appointed Thomas Stamm to the newly created position of chief underwriter for property and casualty in its Swiss branch, as part of a wider shake up of the unit. Mr Stamm will be responsible for the property, casualty, engineering and accident lines of business, as well the SME and risk consulting divisions. He will report directly to…

Two new senior leaders in AIG’s global specialty business

Two new senior leaders in AIG’s global specialty business

Two new senior leaders in AIG’s global specialty business

American International Group (AIG) has appointed two senior leaders in its global specialty business. Steve Eccles will join AIG as global head of aerospace, general insurance. James Langdon will join AIG as UK head of energy and construction, general insurance. According to AIG, Mr Eccles will be responsible for setting and driving business strategy for global aerospace and ensuring underwriting…

Gallagher appoints ex-Marsh Wilkinson as head of aerospace claims

Gallagher appoints ex-Marsh Wilkinson as head of aerospace claims

Gallagher appoints ex-Marsh Wilkinson as head of aerospace claims

Gallagher has appointed Steve Wilkinson as head of claims for its global aerospace practice. Mr Wilkinson joins Gallagher from Marsh, where he was managing director of aviation and aerospace. In his role at Gallagher, Mr Wilkinson will be based in London. He will head the company’s 37-strong claims team that serves its airline and aerospace clients. Peter Elson, CEO of…

French buyers suggest insurance market is at turning point

French buyers suggest insurance market is at turning point

French buyers suggest insurance market is at turning point

French risk managers say the insurance market appears at a turning point but most are yet to feel any real effect of hardening rates and conditions. Speaking to CRE in Paris as part of our Risk Frontiers Europe survey, president of Amrae Brigitte Bouquot said: “We are at a turning point for the market. It has started in aviation and…

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