Aviation
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Overcapacity likely to accelerate airline insurance sector softening
While insurers try to hold some pricing resolve for the airline insurance sector, over capacity exists for many risks and…
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Aeroflot and BOC Aviation agree insurance deal over stranded aircraft
Russian airline Aeroflot has reportedly agreed a settlement with Singapore-based leasing company BOC Aviation that will see nine aircraft handed…
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Aviation war rates to rise significantly as tensions mount in Gaza
Commercial airlines can expect ongoing rate hikes of 40% and higher for aviation war coverage at upcoming renewals as the…
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UK and EBRD agree war risk insurance scheme to support Ukraine rebuild
The UK has signed a Statement of Intent on a European Bank of Reconstruction and Development (EBRD) war risk insurance…
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Helvetia opts for UK branch as Brexit arrangement nears end
Swiss insurer Helvetia Global Solutions will underwrite specialty lines business from its UK branch after receiving regulatory approval ahead of…
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New aviation-focused MGA launched by Fidelis and Castlelake
A new aviation-focused MGA has been launched by investment firm Castlelake and Pine Walk Capital, a subsidiary of Fidelis MGU.…
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MGA Rokstone appoints global head of aviation
Jordan Lanford has been appointed as global head of aviation at MGA Rokstone, based in Atlanta. Rokstone said Lanford will…
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Allianz joins HIVE’s aviation war risks panel
Allianz Commercial said it will underwrite aviation war classes with immediate effect after collaborating with London-based HIVE Underwriters, which will…
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Aviation risk managers brace for further hardening as war claims filter through
Dublin-based aviation leasing group SMBC Aviation Capital has received cash insurance settlement proceeds of $710m for its aircraft leased to…
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MGA Skyrisks launches new advanced air mobility capacity backed by Convex
MGA Skyrisks has launched new A-rated capacity for the fast-growing Advanced Air Mobility (AAM) sector, which uses revolutionary aircraft and…
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Brown & Brown unit agrees to buy London-based MGA
Brown & Brown Europe, part of US broker Brown & Brown, has agreed to acquire Occam Underwriting, a London-based managing…
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Russian insurer pays AerCap $645m for stranded planes
Irish aircraft lessor AerCap said it has received $645m in a settlement with a Russian insurer for the loss of…
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Lufthansa reportedly selling insurance units
German airline Lufthansa is reportedly looking to sell its insurance operations, including broker Albatros and insurer Delvag. According to a…
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Ample capacity and stable pricing for space risks
The space insurance market continues to demonstrate ample capacity for most risks, with pricing trends being relatively stable to slightly…
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Fidelis MGU sets 2030 decarbonisation target
Bermuda-based Fidelis MGU has set a first interim target for its underwriting portfolio, covering all emission scopes across the energy…
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War insurance premiums may double for airlines, sources tell Reuters
Airlines face war insurance premiums doubling, according to a Reuters report after industry sources said a “bruising year” wiped out…
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Howden buys Swiss aviation broker Hudson Sky
Howden has bought Swiss aviation broker Hudson Sky International for an undisclosed fee. Howden said the move is part of…
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Jurisdiction battle over $10bn Russian aviation coverage dispute
More than 40 aviation leasing firms locked in a struggle with insurers over who should bear up to $10bn in…
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Aviation market stable despite reinsurance challenges and outstanding claims
Despite ongoing challenges and outstanding claims, core pricing in the aviation insurance market is surprisingly stable across most sectors, with…
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Fidelis launches IPO to raise funds for expansion
Fidelis Insurance Holdings said proceeds from listing on the New York Stock Exchange will be used to grow its capacity…