Aviation
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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…
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HDI Global Specialty appoints new head of aviation
HDI Global Specialty has appointed Martin Jackson as head of aviation and space. Replacing Tim Slade, Mr Jackson joins the…
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Marsh execs seek to allay risk manager concerns over JLT deal
Marsh executives have sought to allay risk manager concerns that the JLT acquisition will lead to a lack of focus,…
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HDI Global Specialty sets up aviation team in Australia
HDI Global Specialty Australia has appointed Jamie Bowes to head up its new general aviation team in Asia-Pacific. Mr Bowes…
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Lloyd’s posts £1bn loss but rates up 3.2%
Lloyd’s made a loss of £1bn and delivered a combined ratio of 104.5% in 2018, on the back of another…
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Munich Re estimates Ethiopian Airlines crash and Boeing losses up to €120m
Munich Re has estimated it faces losses of between €100m and €120m from the Ethiopian Airlines crash and subsequent grounding…
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Boeing suspends entire 737 Max fleet as insurance details come to light
Boeing has suspended all 371 of its worldwide 737 Max aircraft fleet, after the US became the last major country…
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EU bans Boeing Max as Global Aerospace confirmed lead insurer
The EU has banned all Boeing 737 Max aircraft from flying in Europe over safety concerns, with more than half…
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Chubb leads on Willis-brokered Ethiopian Airlines crash as safety fears mount
Chubb is the lead underwriter of the Ethiopian Airlines plane that crashed on Sunday with Willis Towers Watson the broker,…
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Aviation market to harden further
The aviation insurance market looks set to harden further in 2019, driven by consolidation, withdrawals and rising claims costs...
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JLT sells aerospace division to Gallagher to secure Marsh deal
Marsh & McLennan Companies (MMC) and JLT have agreed to sell the latter’s global aerospace operations to Arthur J Gallagher,…
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Specialty insurer StarStone appoints Agile as MGA in Australasia
Lloyd’s coverholder and managing general agent (MGA) Agile Underwriting has been appointed as a representative agent by specialty insurer StarStone…
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Insurance market finally shows signs of hardening but European P&C relatively flat
The commercial insurance market is finally showings signs of hardening, as nat cat risks, a growing number of specialty lines…
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HDI Global and Hannover Re joint specialty business launches with €1bn of premium
Newly created HDI Global Specialty has formally opened for business after merging the specialty lines of Talanx-owned HDI Global and…
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Fatality rate on commercial flights rises for first time since 2012
Last year saw the trend for fewer fatal accidents per million large commercial aircraft flights reverse as 534 passengers lost…
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UK and Ireland leaders named for Marsh JLT Specialty
Marsh has named key UK leaders of its future Marsh JLT Specialty business, which will be formed when Marsh &…
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Marsh assigns regional, specialty and placement teams ahead of JLT acquisition
Marsh has finalised more executive appointments ahead of its JLT acquisition, with the latest round of announcements covering regional, specialty…
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Fire and explosion remain biggest risks as AGCS unveils five-year claim trends
Fires and explosion losses have cost more than any other commercial risk between 2013 and 2018, according to analysis of…
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Willis Towers Watson launches cyber airport policy
Willis Towers Watson has launched a cyber policy for airports that addresses the increasing threat of digital risk for the…
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Marsh announces plans for new Marsh-JLT Specialty unit
Marsh has announced it will create a new specialty unit following the acquisition of JLT. Marsh-JLT Specialty will combine the…