Aviation
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North American liability rates to harden further in surprise turn of market: Willis
Insurance buyers in North America will pay higher commercial insurance rates next year with some lines reaching double-digit increases, according…
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Airport industry forms new risk group
The airport industry has formed a new Airport Risk Community (ARC) group to share knowledge and insight on emerging risks.…
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Marsh & McLennan Companies’ $5.6bn JLT acquisition all about growth, says Glaser
Marsh & McLennan Companies’ (MMC) planned acquisition of JLT for $5.6bn is all about delivering growth, said the buyer’s CEO…
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China Re to acquire Chaucer Group for $950m
China Reinsurance is set to spend close to a billion dollars acquiring specialty insurer Chaucer from Hanover Insurance. The deal,…
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JLT report sees 2018 as pivotal year for aviation insurance market
The aviation insurance market has seen premium rates flat or increasing a little, with underwriters determined to keep rates from…
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Insurers lobby for European-wide drone legislation to better deliver for clients
The EU should close gaps between member states’ drone regulations that currently restrict insurers’ ability to deliver risk-transfer solutions, said…
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Aviation sector looks to address cyber risks
London market insurers have published a model exclusion, in a bid to clarify cyber cover for aviation policies. At the…
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Commercial aviation safety at all-time high
A record low number of accidents and fatalities made 2017 the safest ever year for commercial aviation, according to the…
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Marsh promotes Costin and Heath to UK aviation roles
Marsh has appointed Mark Costin as head of its UK aviation practice. Mr Costin was previously leader of Marsh’s UK…
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UK proposes new drone legislation to boost regulation and reduce risks
The UK government will put forward new drone legislation next spring that will require owners to register drones that weigh…
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Thomas Miller Specialty appoints new team to underwrite general aviation
Underwriting agency Thomas Miller Specialty has launched a general aviation business to sit alongside its existing marine, offshore, aerospace and…
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Mapfre Global Risks sets up in London aviation market to drive international growth
Mapfre Global Risks (MGR) is moving into London’s aviation insurance market by appointing former Willis Towers Watson man Oscar Becerra…
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Marsh unveils new global management structure and divisions
Marsh has announced a new global management structure that includes newly-formed Global Placement & Specialties and Global Risk & Digital…
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JLT acquires Belgian specialty broker to boost EU platform
Broker JLT has joined London market insurers in establishing a platform for EU business post-Brexit. JLT said it has acquired…
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Falling premium rates and competition to hit Lloyd’s, says Moody’s
Growing competition combined with tepid economic conditions and a likely reduction in reserve releases will put pressure on premium rates,…
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Pay-as-you fly drone cover ready for take-off
The UK’s first pay-as-you-fly drone insurance will be launched later this year by Allianz Global Corporate & Specialty (AGCS). AGCS…
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Allianz announces online aircraft insurance partnership with Visicover
Allianz Global Corporate & Specialty (AGCS) has partnered with award-winning insurtech company, Visicover. Visicover will now offer its existing and…
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Big data and new markets will be key disruptors in transport sector
Some 43% of transport sector respondents believe big data will be the most significant driver of change, according to an…
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New models to help insurers with clash risks
Catastrophe modelling firm Risk Management Solutions (RMS) and the Cambridge Centre for Risk Studies (CRS) are developing tools to help…
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MPI Generali launches corporate insurance business in Malaysia
MPI Generali Insurans Berhad, a joint venture between Italian insurer Generali and Malaysia-based Multi-Purpose Capital Holdings Berhad, has opened a…