Aviation
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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…
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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…
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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…
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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…
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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…
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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.…
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October 9, 2023
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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October 4, 2023
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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October 3, 2023
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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October 3, 2023
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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September 21, 2023
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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September 7, 2023
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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August 31, 2023
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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August 15, 2023
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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August 1, 2023
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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July 27, 2023
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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July 24, 2023
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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July 11, 2023
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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July 6, 2023
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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June 21, 2023
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…