Aviation
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Boeing pays $200m after being charged with misleading investors on 737 MAX safety
Aircraft firm Boeing and former CEO Dennis Muilenburg have been charged with misleading investors about the safety of its 737…
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WTW launches airport risk index to boost resilience
WTW and the University of Cambridge’s Centre for Risk Studies have launched the Airport Risk Index to boost risk management…
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Gallagher appoints consultant in its global aerospace practice
Tim Wright has been appointed by Gallagher as a consultant in its global aerospace practice. In his new role, Wright…
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French buyers face tough but moderating market at year-end: WTW
The hard insurance market has lost some steam in France but buyers continue to face challenges as they head into…
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Tokio Marine Kiln adds to aviation team
Tokio Marine Kiln (TMK) has expanded its aviation team as part of a renewed drive in the sector under the…
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Söderberg & Partners launches specialty operation to serve global clients
Söderberg & Partners has launched a new specialty brokerage operation to help large, global companies manage their complex risk profiles.…
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Everest Insurance International creates new head of aviation role
Paul Trueman has joined Everest Insurance, the insurance division of Everest Re Group, as head of aviation for its international…
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Chubb Global Markets names new senior underwriter for general aviation
Chubb Global Markets, the insurer’s London market wholesale and specialty business, including its Lloyd’s platform, has appointed Martin Audis as…
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Aviation insurance market softens as competition increases, says WTW
The aviation insurance market is continuing to soften as a result of new market entrants, increased appetite from existing insurers…
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Beazley posts strong premium growth on back of ‘buoyant’ rating environment
Beazley reported strong gross written premium growth of 26% to $2.5bn in the first half of this year supported by…
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Contingent BI losses up as claims severity increases over past five years: AGCS
Commercial insurance claims have increased in severity during the past five years, with contingent business interruption (CBI) losses reaching new…
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SMBC Aviation seeks $1.6bn recovery for stranded Russia-leased aircraft
More leading aircraft leasing firms have filed insurance claims to recover losses from planes stuck in Russia, with SMBC 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,…
