Aviation
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Piiq in formation with Canada’s NFP
Piiq Risk Partners (Piiq), an aerospace and aviation industries risk solutions provider, has announced a strategic partnership with broker NFP…
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Aviation rate rises slow as things begin to look better for buyers, says Gallagher
Aviation rates continue to stabilise with conditions “more positive” for buyers in 2021 than they have been for some time,…
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Aviation sector faces host of new risks as it begins to reopen, warns AGCS
The aviation sector is facing “unique” challenges as it reopens to more normal passenger numbers following disruptions caused by Covid-19,…
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AXIS completes rebrand of European Aviabel and NLP aviation units
AXIS Capital has brought its European aviation (re)insurer Aviabel and Dutch firm Nederlandse Luchtvaartpool (NLP), acquired in 2016, under the…
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Airline insurance buyers risk being trapped by high pricing
Aviation insurance buyers risk being “anchored” at high rates as exposures rise with a recovery in demand for air travel,…
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June renewals bring modest increases for reinsurers
Reinsurance buyers saw modest increases at 1 June renewals as markets largely remained well-capitalised, but exclusionary language concerning communicable disease…
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AGCS back on track with big Q1 turnaround
First-quarter 2021 results published by German insurance group Allianz appear to show that the relaunch of its industrial insurance arm…
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Howden and Gallagher lead the hunt for WTW’s European business
Howden and A J Gallagher are frontrunners for the Willis Towers Watson (WTW) business in Europe that it seems Aon…
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Aviation buyers face ‘tough’ 2021 renewals
Aviation insurance buyers can expect another “complicated” renewal negotiation with their insurers this year as the impact of Covid-19 continues…
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Irish insurtech founders depart as interest in parametrics rises
The founders of an insurtech providing parametric insurance for business interruption (BI) are stepping down from the business as part…
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Aviation eVTOL operators will ‘struggle’ to buy cover
New generation aircraft may not be able to buy insurance as underwriters steer clear of the emerging risk or impose…
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SiriusPoint launches into harsh market with $3bn of fresh capital
European risk and insurance managers will welcome news of the formal launch of SiriusPoint, a new Bermuda-based international specialty insurance…
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Sompo International partners with drone insurtech Flock to boost cover
Sompo International has partnered with UK insurtech company Flock, which provides data-based insurance solutions for commercial drone operators, to support…
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Convex raises further $500m in capital to reach $3.2bn
Convex Group, which was set up by insurance industry veteran Stephen Catlin, has secured $500m of capital from investment firm…
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Aon launches fuel price insurance for shipping, aviation and other firms
Aon has launched a new fuel insurance product for shipping and aviation clients to protect buyers against rising fuel prices.…
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State-backed global aviation pool for BI cat risks mooted by insurance association
The International Union of Aerospace Insurers (IUAI) is exploring the idea of a global government-backed insurance pool to cover future…
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Aviation rate increases accelerate going into Q4 renewal, says Gallagher
Aviation clients face further rate hardening as the market enters its busiest time for renewals in the fourth quarter, according…
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AXA XL makes appointments to new regional units
AXA XL Insurance has announced new appointments for its business divisions following the recent launch of its regional operating model,…
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Covid-19 reshapes future risk landscape, says AGCS report
Covid-19 has radically altered long-term risk trends, with new exposures emerging from the pandemic, according to a report published by…
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HDI Global Specialty appoints Barenthein as MD for Scandinavia
HDI Global Specialty has appointed Thomas Barenthein as managing director of its Scandinavian branch. He also joins the executive board…