Aviation
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Marsh air finance insurance product takes off
Marsh has announced the launch of Aircraft Finance Insurance Consortium (AFIC), which will underwrite a non-payment insurance product for lenders…
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British Airways’ ‘textbook’ crisis offers risk management lessons
The massive IT systems failure at British Airlines (BA) over the weekend is yet another example of the airline industry’s…
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AGCS promotes Mike Hansen to global head of aviation
Allianz Global Corporate & Specialty (AGCS) has named Mike Hansen as global head of aviation, effective immediately. He takes over…
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Cleared for takeoff?
Slow growth and excess capacity keeps aviation insurance on the runway for now, reports Gareth Stokes To get a handle…
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JLT Re lands aviation duo from Lockton
JLT Re has appointed Graham Barden and Jon Warner to its aviation team as partners. Mr Barden has worked at…
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AWAC to offer drone training to its clients
Clients of Swiss-based specialty insurer Allied World Assurance Company Holdings (AWAC) in the US can now get help with deploying…
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City watchdog raids aviation brokers in antitrust probe
The Financial Conduct Authority (FCA) has launched an antitrust investigation into the aviation insurance broking sector. The Financial Times said…
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Lloyd’s opens in India as results suggest tough renewals ahead for risk managers
Lloyd’s has officially opened its India branch and welcomed MS Amlin as its first underwriting syndicate. The ceremony, which took…
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Lloyd’s continues expansion but must watch combined ratios and reserves
If the Lloyd’s insurance market is a decent yardstick for the state of the international commercial and specialty insurance and…
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Willis Towers Watson launches cyber product for global airlines
Willis Towers Watson has introduced CyFly, an insurance product specifically tailored to cover cyber exposure affecting the airline industry. The…
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Space insurers pleased to see successful second-hand rocket launch
SpaceX, the California-based rocket launch company run by entrepreneur Elon Musk, has successfully re-flown a segment from one of its…
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Commercial drone use to soar in the US, FAA predicts
The US commercial, non-hobbyist drone (or Unmanned Aircraft Systems) fleet is forecast to grow from 42,000 at the end of…
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Willis Towers Watson completes purchase of French aviation broker OAAGC
Willis Towers Watson has completed the acquisition of French aviation broker OAAGC, to make it the leading aviation intermediary in…
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Willis Towers Watson to buy French aviation broker
Willis Towers Watson is in talks to buy the French aviation business and 16-strong team of broker OAAGC. OAAGC is…
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Credit insurer ATI backs Ethiopian Airlines US$159m fleet expansion
The African Trade Insurance Agency (ATI) has concluded its first deal in Ethiopia, backing a US$159m loan from the African…
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Tokio Marine Kiln launches online drone insurance
Tokio Marine Kiln (TMK) has added Unmanned Aerial Systems (UAS) insurance to its One TMK digital exchange. Brokers can now…
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Corporate roundup
Software launched for global insurance programmes, AXIS expands aviation book with Aviabel purchase, Willis Re promotes Kent to deputy CEO,…
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Corporate round-up
Sompo Canopius CEO Stuart Davies steps down, AEGIS appoints risk experts to board and Aviation underwriter Bayman returns to Chubb.
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Risk managers must move cyber risk up the agenda
Risk managers are being warned not to relax around cyber threats but to make sure they have comprehensive disaster recovery…
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Space insurers avoid SpaceX loss but changing tech causing concern
The catastrophic failure of a SpaceX Falcon 9 rocket in September is not expected to change rates in the soft…