Aviation
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AGCS aviation report warns of new risks in ‘safer skies’
Costly repairs and bird strikes are among growing trends in aviation claims, according to in-depth analysis of more than 50,000…
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Majority of Swiss Re Corporate Solutions’ cutbacks to take place next year, says CFO
Swiss Re Corporate Solutions (SRCS) will make the majority of its cutbacks in badly performing business during 2020, with gross…
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MS Amlin bows out of aviation market
MS Amlin has ceased underwriting new and renewal aviation business – excluding war risks, which continue to be accepted by…
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EU compensation rules ‘crippling’ airlines and need reform: Gallagher
Airline compensation laws in the European Union are “crippling” the aviation sector, with passenger damages for flight cancellations and delays…
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Marsh JLT names aviation leaders in London and New York
Marsh JLT Specialty has boosted its aviation senior management team with four appointments in London and New York. Tony Ambrose…
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HDI Global names Stamm CUO for Switzerland amid wider reforms of business unit
HDI Global has appointed Thomas Stamm to the newly created position of chief underwriter for property and casualty in its…
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Two new senior leaders in AIG’s global specialty business
American International Group (AIG) has appointed two senior leaders in its global specialty business. Steve Eccles will join AIG as…
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Gallagher appoints ex-Marsh Wilkinson as head of aerospace claims
Gallagher has appointed Steve Wilkinson as head of claims for its global aerospace practice. Mr Wilkinson joins Gallagher from Marsh,…
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Marsh JLT Specialty names Andy Smith CEO of UK aviation
Marsh JLT Specialty has appointed Andy Smith as chairman and CEO of its UK aviation practice.
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French buyers suggest insurance market is at turning point
French risk managers say the insurance market appears at a turning point but most are yet to feel any real…
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AXA XL working to tackle non-affirmative cyber cover in suite of products
AXA XL is reviewing its policies to tackle non-affirmative, also known as silent, cyber cover wherever possible, the insurer told…
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Swiss Re Corporate Solutions to slash 20% of book as strategic review kicks in
Swiss Re Corporate Solutions (SRCS) is pulling back from several underperforming classes that will see its gross written premium reduce…
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BGCI poaches two Marsh JLT Specialty aviation leaders
Mark Costin and Oyin Heath and have joined BGC Insurance’s (BGCI) global aviation and space (re)insurance startup from Marsh JLT…
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Boeing expects $500m insurance payout as it delivers worst-ever quarterly loss
Boeing expects to claim $500m from insurers following the grounding of its 737 Max fleet and said it could halt…
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Aviation rate increases accelerate in Q2: Gallagher
Insurance rate increases across the aviation sector since the start of 2019 “accelerated” as the second quarter closed, according to…
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Smaje quits Willis to join BGC’s new aviation practice
Philip Smaje has quit as Willis Tower Watson’s global head of broking, to become CEO of BGC Insurance’s aviation startup.…
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El Al is first airline to access Marsh’s Japanese aircraft finance insurance
EL AL Israel Airlines Limited (EL AL) is the first airline to access Marsh’s Japanese Aircraft Finance Insurance Consortium (Japanese…
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BGC Insurance takes on aviation brokers with new launch
BGC Insurance Group, part of global brokerage BGC Partners, has launched a specialist global aviation and aerospace insurance and reinsurance…
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AGCS announces new global leadership roles for aviation and marine
Allianz Global Corporate & Specialty SE (AGCS) has appointed Tom Fadden as AGCS global head of aviation, with immediate effect.…
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Gallagher completes acquisition of JLT’s aerospace business
Gallagher has completed its acquisition of JLT’s global aerospace operations. The $5.6bn deal will see all 250 of JLT’s aerospace…