Aviation
-
February 9, 2024
AXA XL creates new global specialty branch and names unit’s chief underwriting officer
AXA XL has created a new global specialty branch and named Anne Marie Elder as its chief underwriting officer. In…
-
February 7, 2024
Airline insurance market could harden in 2024, warns WTW
The airline insurance market renewal at the end of 2023 was relatively benign, says WTW, but rising claims, reinsurance, retrocession…
-
February 1, 2024
Russian insurer NSK pays $2.5bn to aircraft lessors: Reuters
About a quarter of the 400 aircraft leased to Russian airlines and left stranded after the country’s invasion of Ukraine…
-
January 15, 2024
Marsh holds talks with Ukraine over aviation transport cover and further cooperation
The Ukraine is working with Marsh McLennan and its consultancy Oliver Wyman to develop a transformation strategy for the country…
-
January 12, 2024
Supply chain disruption spreads to air freight after Boeing 737 blowout
Experts have warned that supply chains using air freight may be impacted by the recent grounding of Boeing 737 Max…
-
January 5, 2024
Aviation lessor disputes ‘hang over’ market to keep rates high: Gallagher
Legal proceedings brought by aircraft lessors with planes left stranded in Russia after it invaded Ukraine are likely to take…
-
January 4, 2024
Japan Airlines expects $100m+ insured loss from runway crash
Japan Airlines said today it expects the total loss of its Airbus A350 on a runway at Tokyo’s Haneda Airport…
-
January 4, 2024
Space risks to see decrease in capacity in 2024, says Gallagher
There is expected to be a decrease in capacity for space risks going into 2024 following significant underwriting losses in…
-
January 2, 2024
HDI Global Specialty names new Scandinavian aviation branch manager
Jamie Bowes has been appointed as the new general manager for aviation of HDI Global Specialty’s Scandinavian Branch. Bowes was…
-
December 21, 2023
Aircraft firms settle with Russian insurer over stranded jets
Leasing firm Dubai Aerospace Enterprise (DAE) has reached a $118m settlement with Aeroflot’s insurer over seven aircraft it had leased…
-
December 19, 2023
HDI Global Specialty appoints head of aerospace
Carl Johan Kansmark has become the new head of aerospace at HDI Global Specialty, based at its Scandinavian branch, effective…
-
December 6, 2023
Airline adverts banned in the UK over greenwashing
Three airlines, Air France, Lufthansa and Etihad Airways, have had adverts banned by the UK’s Advertising Standards Authority (ASA) over…
-
December 6, 2023
Major airlines face formal complaints over ‘misleading’ environmental claims
Climate charity Possible has filed formal complaints against both British Airways and Virgin Atlantic over their claims that they are…
-
December 6, 2023
Charles Taylor acquires UK aviation loss adjuster Leading Edge Assist
Charles Taylor has acquired UK aviation loss adjuster Leading Edge Assist, led by Hugh Thacker. LEA serves all aspects of…
-
November 16, 2023
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…
-
November 14, 2023
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…
-
November 1, 2023
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…
-
November 1, 2023
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…
-
November 1, 2023
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…
-
October 12, 2023
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.…