Aviation rate increases accelerate in Q2: Gallagher

Aviation rate increases accelerate in Q2: Gallagher

Aviation rate increases accelerate in Q2: Gallagher

Insurance rate increases across the aviation sector since the start of 2019 “accelerated” as the second quarter closed, according to Gallagher. In Plane Talking, a new publication launched to mark the acquisition of JLT’s aviation team, Gallagher says insurers are under pressure to return aviation books to the black, with the broker “seeing price firming across the entire aviation class”.…

Smaje quits Willis to join BGC’s new aviation practice

Smaje quits Willis to join BGC’s new aviation practice

Smaje quits Willis to join BGC’s new aviation practice

Philip Smaje has quit as Willis Tower Watson’s global head of broking, to become CEO of BGC Insurance’s aviation startup. Mr Smaje will join the new global aviation and aerospace division when his notice period with Willis ends. He will work alongside the practice’s president Marcel Chad. Mr Chad joined from JLT Aerospace where he was partner, having previously been…

El Al is first airline to access Marsh’s Japanese aircraft finance insurance

El Al is first airline to access Marsh’s Japanese aircraft finance insurance

El Al is first airline to access Marsh’s Japanese aircraft finance insurance

EL AL Israel Airlines Limited (EL AL) is the first airline to access Marsh’s Japanese Aircraft Finance Insurance Consortium (Japanese AFIC) to support the purchase of Boeing aircraft. The consortium was launched in June 2017 by Marsh to provide an alternative aircraft finance insurance product for banks and capital market investors that are funding Boeing aircraft. Available exclusively through Marsh,…

BGC Insurance takes on aviation brokers with new launch

BGC Insurance takes on aviation brokers with new launch

BGC Insurance takes on aviation brokers with new launch

BGC Insurance Group, part of global brokerage BGC Partners, has launched a specialist global aviation and aerospace insurance and reinsurance brokerage to take on the big three market players. Marcel Chad has joined from JLT Aerospace, where he was a partner, to head up the new business. BGC Insurance said its client-focused approach and use of advanced technology to keep…

AGCS announces new global leadership roles for aviation and marine

AGCS announces new global leadership roles for aviation and marine

AGCS announces new global leadership roles for aviation and marine

Allianz Global Corporate & Specialty SE (AGCS) has appointed Tom Fadden as AGCS global head of aviation, with immediate effect. On 1 July 2019, Ulrich Kadow will be appointed as AGCS global head of marine. Both will report directly to chief underwriting officer specialty Paul O’Neill, who will directly oversee the energy line of business on an interim basis. Mr…

Gallagher completes acquisition of JLT’s aerospace business

Gallagher completes acquisition of JLT’s aerospace business

Gallagher completes acquisition of JLT’s aerospace business

Gallagher has completed its acquisition of JLT’s global aerospace operations. The $5.6bn deal will see all 250 of JLT’s aerospace staff move to Gallagher. The deal enabled Marsh’s acquisition of JLT to go ahead, after concern from the EC’s antitrust authorities. Gallagher’s expanded global aerospace operations will now have a specialist presence and offices in the UK, continental Europe, North…

HDI Global Specialty appoints new head of aviation

HDI Global Specialty appoints new head of aviation

HDI Global Specialty appoints new head of aviation

HDI Global Specialty has appointed Martin Jackson as head of aviation and space. Replacing Tim Slade, Mr Jackson joins the London office from Neon Underwriting, where he worked as class underwriter for marine and transport, including aviation. With more than 30 years’ experience in aviation underwriting, Mr Jackson has also worked at Aspen, where he oversaw the expansion of its…

Marsh execs seek to allay risk manager concerns over JLT deal

Marsh execs seek to allay risk manager concerns over JLT deal

Marsh execs seek to allay risk manager concerns over JLT deal

Marsh executives have sought to allay risk manager concerns that the JLT acquisition will lead to a lack of focus, loss of talent and seriously harm competition in the sector. Speaking the day after the deal completed, they said the combined company will redouble efforts to put clients at the centre of its thinking and decision-makers close to the front line of risk…

HDI Global Specialty sets up aviation team in Australia

HDI Global Specialty sets up aviation team in Australia

HDI Global Specialty sets up aviation team in Australia

HDI Global Specialty Australia has appointed Jamie Bowes to head up its new general aviation team in Asia-Pacific. Mr Bowes was previously international aviation manager at QBE, a position he held for ten years. He will be based in Melbourne, where he will oversee creation of the new aviation team. “We are extremely pleased that we could get Jamie to…

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