Aviation
-
Everest expands in Italy
Everest Group has said it will expand its European operations with the launch of an insurance business in Italy. Everest…
-
Spain fines five airlines €179m for ‘abusive’ surcharges
Spain has fined five budget airlines a combined €179m for “abusive” practices, including charging passengers for hand luggage, imposing extra…
-
Aon names global practice leader of space division
Jared Ball has been appointed as global practice leader of Aon’s space division following the retirement of Jeff Poliseno after…
-
New head of aviation at Generali Global Corporate & Commercial
Paolo Silvestri has been appointed as the new head of aviation at Generali Global Corporate & Commercial. The insurer said…
-
HDI joins aviation risk standard
Global insurer HDI has signed up to an aviation risk management standard through membership of Flight Safety Foundation. HDI has…
-
Boeing sub-contractor firms charged in Italian fraud probe
Sarah Jolly Prosecutors in Italy have accused two sub-contractors and seven individuals of fraud and breach of aircraft safety regulations…
-
Stranded Russian jet leasing trial begins with settlement: Reuters
AXA is reported to have reached a settlement with aircraft lessor Dubai Aerospace Enterprise for planes and spare engines left…
-
WTW hires Besso Grimme’s top team for German aviation launch
WTW has confirmed the launch of a new aviation business in Germany after hiring Christian Grimme from Ardonagh Group’s Besso…
-
Competition controlling aviation rates, says Marsh
Most aviation classes are experiencing continued competition, with sufficient capacity across the airline, general aviation, and aerospace insurance markets, according…
-
Aviation sector growing but challenges remain
The aviation sector will see gross written insurance premiums (GWP) hit a 20-year high in 2024 of more than $8bn,…
-
Aviation industry must prioritise cyber security, says survey
Airlines are “flying blind” on third party risks and should ramp up their cybersecurity management to avert a potential disaster,…
-
Aon launches Irish aviation division
Aon has launched an aviation division in Ireland with a dedicated team in the country offering risk management and insurance…
-
Boeing pleads guilty to 737 crash charges and accepts $244m criminal fine
Boeing has agreed to a guilty plea over fraud charges in the US and will pay a $243.6m criminal fine…
-
AXA XL names three new CUOs
AXA XL has named chief underwriting officers (CUOs) for casualty, specialty and cyber coverages in the Americas, within its newly…
-
New leaders for Generali in Mediterranean and Latin America
Generali Global Corporate & Commercial (GC&C) has made three strategic appointments in its leadership team in the Mediterranean and Latin…
-
Continued rate softening in airline insurance market as competition increases
Excess capacity and increased competition in the airline insurance market are driving further rate softening, according to Gallagher. In its…
-
Charles Taylor acquires US aviation claim management services firm
Adjusting firm Charles Taylor has acquired Florida-based aviation hull and liability claim specialists M3 Aviation Services. The firm specialises in…
-
Fidelis syndicate 3123 begins underwriting at Lloyd’s
Fidelis’ syndicate 3123 has formally begun underwriting business at Lloyd’s, with an initial target to write $180m of GWP in…
-
Global space practice launched by Lockton
Lockton has launched a new global space practice offering a suite of products across the full breadth of the space…
-
Slower growth forecast for UAE’s general insurance industry
The United Arab Emirates (UAE) general insurance industry is expected to grow by 6% in 2024, supported by personal accident…