Aviation
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Beazley offers more capacity to risk managers that meet Marsh’s ESG Risk Rating
Beazley is going to grant more capacity through its Lloyd’s of London Syndicate 4321 to companies that perform well on…
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New leadership at Lufthansa captive
Cologne-based Delvag Versicherungs-AG, the insurance arm of German airline Luftahansa, has appointed two experienced underwriters – Dennis Heinen and Markus…
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Ukraine conflict means global programme restructuring
The war in Ukraine and the associated sanctions on Russia are causing companies to rethink and restructure their global insurance…
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Specialty lines rates to accelerate as reinsurers come unstuck from ‘bundled’ offers: Berenberg
Specialty insurance buyers are set to face accelerated rate rises in the second half of this year and January 2023…
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Airline KLM facing legal action over greenwashing
Dutch airline KLM is facing legal action over alleged false advertising of its environmental credentials. The case is believed to…
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Staff shortages force Scandinavian Airlines to cancel 4,000 flights
A chronic shortage of staff and delays in training have forced Sweden’s Scandinavian Airlines (SAS) to scrap 4,000 scheduled flights…
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Saudi insurance sector saw premium growth but net loss in 2021
The Saudi insurance sector saw premium growth of 8.4% in 2021, with total gross written premiums (GWP) totalling SAR42.03bn (€10.75bn),…
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AGCS expects limited claims from Ukraine and off the hook for Russian aviation losses
Allianz Global Corporate & Specialty (AGCS) said it doesn’t expect a “major wave” of claims from the war in Ukraine,…
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BIBA launches member scheme to cover commercial drones
The British Insurance Brokers’ Association (BIBA) has launched a new scheme that offers members full access to insurance cover for…
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Brussels airports fined under GDPR for use of thermal cameras
Two airports in Brussels have fallen foul of Belgium’s Data Protection Authority (DPA) over their use of thermal scanners, in…
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QBE estimates $75m loss from Ukraine war as rate momentum slows
QBE said it expects the net impact from the conflict in Ukraine to total $75m across its political risk, political…
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Delvag reports profit and premium increase as aviation sector recovers
Delvag Versicherungs, the insurance operation of Germany’s Lufthansa Group, has posted decent figures for 2021 partly on the back of…
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Rate increases set to moderate but market wary of uncertainty
Buyers should expect a moderation in rate increases for many lines of business at upcoming renewal but the cyber liability…
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Russia-Ukraine conflict could become largest insured loss in history, warns PCS
Claims from the conflict in Ukraine could become the largest insured loss on record, according to Property Claims Services (PCS).…
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Airbus takes big reputational risk on Russian titanium
As Ukraine’s President Volodymyr Zelenskyy urges the European Union to stop buying Russian oil and other core exports, Netherlands-based aerospace…
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Aviation market losses on a scale ‘not seen before’ from Russian-leased aircraft: Gallagher Re
Aviation (re)insurers face “sizeable losses… to an extent not seen before” from the Russia-Ukraine conflict, according to Gallagher Re. In…
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S&P estimates insured losses up to $35bn from Russian Ukraine conflict
Aviation and specialty line insurers face a “major claim” from the Russia-Ukraine conflict with total losses likely to be between…
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AerCap files $3.5bn claim for aircraft leased in Russia
Aircraft leasing firm AerCap said it has filed a $3.5bn insurance claim for its planes left in Russia, sounding the…
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Four new underwriting divisions created in Beazley restructure
Beazley has created four underwriting divisions as it updates its underwriting team structure. The insurer said the move was designed…
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(Re)insurers face Russia aircraft leasing loss of up to $11bn, says Moody’s
New Russian legislation that will see Russian airlines effectively impound aircraft leased from foreign lessors could result in potential insurance…
