Aviation
-
Air India crash will harden global aviation (re)insurance market, says GlobalData
The Air India plane crash is set to harden the global aviation insurance and reinsurance markets, according to GlobalData. It…
-
Air India plane crashes after take-off from Ahmedabad
An Air India Boeing 787-8 Dreamliner plane that was on its way to London has crashed immediately after taking off…
-
Aircraft lessors can claim for Russia jet losses under war risk policies, finds London court
A London court overseeing claims brought by six aviation leasing companies has largely ruled in favour of policyholders, in a…
-
Skyward Speciality unveils new aviation unit
US-based property and casualty insurer Skyward Specialty has launched an aviation underwriting unit. The move into the specialised aviation market…
-
Hive Underwriters expands into space insurance
Specialty MGA Hive Underwriters has expanded into space insurance with the appointment of leading underwriter Jack Kenneally in the role…
-
SMBC Aviation recovers $1.4bn from insurers for Russia-stranded jets
Aircraft leasing firm SMBC Aviation Capital has received a total of $1.4bn from its insurers for jets stranded in Russia…
-
New chief broking officer for aviation at Aon’s Global Broking Center
Neil Maynard has been appointed as chief broking officer, aviation, for Aon’s London-based Global Broking Center. In his new role,…
-
Heathrow Airport closure costs British Airways £40m
The power outage at Heathrow Airport in March, which closed the aviation transport hub for almost a day, cost its…
-
Gallagher develops market-wide solution for nuclear airline insurance exclusion
A new market-wide solution for an insurance exclusion has been developed by Gallagher to help ensure that airlines can remain…
-
MAT growth forecast hit by US tariffs
The global marine, aviation and transit (MAT) insurance industry, which was forecast to grow at a compound annual growth rate…
-
Insurwave and Osprey partner on aviation risk and insurance platform
Specialty insurtech Insurwave is partnering with aviation risk management firm Osprey Flight Solutions to incorporate its services on its platform.…
-
Dubai Aerospace receives $282m settlement for Russia-leased aircraft
Aircraft lessor Dubai Aerospace Enterprise (DAE) has revealed it has received $282m in a recent settlement with insurers for jets…
-
Apollo and Moonrock launch $122.5m drone and innovative aviation facility
Lloyd’s insurer Apollo and MGA Moonrock have launched a new drone, eVTOL and innovative aviation insurance facility. The facility will…
-
Signs that softening in airline market is coming to an end, says Gallagher
There are some early signs of rate increases in the airline aviation market, but things are being kept in check…
-
AXA XL hires Tenderich to lead German specialty growth
AXA XL has announced the appointment of Matthias Tenderich as head of specialty for Germany and hopes he will lead…
-
Irish litigation over Russia-leased jets ‘all but settled’
Ireland’s High Court has confirmed that the remaining cases brought by aircraft lessors claiming insured losses for jets stranded in…
-
Air Lease reveals $329m settlement with insurers for Russian-leased jets
Aircraft leasing firm Air Lease Corporation has received a further $328.5m in insurance settlements for its aircraft stranded in Russia…
-
Heathrow Airport closure sparks probe amid contingency questions
An investigation has begun into the closure of Heathrow Airport on Friday after it lost its main source of power…
-
Rokstone launches mid-market aviation programme in US
Specialty managing general agent Rokstone Group, part of Aventum Group, has launched a mid-market aviation programme in the US for…
-
Everest appoints Mariani to lead Italian insurance
Everest has appointed Giacomo Mariani to lead its insurance business in Italy, following the opening of its Milan office in…
