Aviation
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Aviation reinsurance renewals ‘most stable in years’: Aon
Aviation reinsurance renewals at 1 Jan were “the most stable in years”, with D&O flat as cyber, marine and energy…
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USI sees dynamic yet cautious US commercial insurance market in 2025
The US commercial insurance market outlook for 2025 shows stabilisation in several areas, according to USI’s 2025 Commercial Property &…
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Dubai Aerospace paid further $201m for leased aircraft in Russia
Aircraft lessor Dubai Aerospace Enterprise said it has settled with insurers of jets stranded in Russia for a further $201m…
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Benign conditions in airline insurance market likely to continue into 2025
Conditions are generally benign in the airline insurance market and look likely to continue into 2025, according to WTW. The…
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WTW warns of rising ‘gray zone aggression’
Risk managers and their brokers and insurers need to focus their efforts on the continued rise of so-called ‘gray zone…
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Oversupply of capacity driving down airline hull and liability rates
The airline insurance market remains competitive, with plenty of capacity for hull and liability risks, which is driving rates down,…
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Everest expands in Italy
Everest Group has said it will expand its European operations with the launch of an insurance business in Italy. Everest…
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Spain fines five airlines €179m for ‘abusive’ surcharges
Spain has fined five budget airlines a combined €179m for “abusive” practices, including charging passengers for hand luggage, imposing extra…
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Aon names global practice leader of space division
Jared Ball has been appointed as global practice leader of Aon’s space division following the retirement of Jeff Poliseno after…
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New head of aviation at Generali Global Corporate & Commercial
Paolo Silvestri has been appointed as the new head of aviation at Generali Global Corporate & Commercial. The insurer said…
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HDI joins aviation risk standard
Global insurer HDI has signed up to an aviation risk management standard through membership of Flight Safety Foundation. HDI has…
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Boeing sub-contractor firms charged in Italian fraud probe
Sarah Jolly Prosecutors in Italy have accused two sub-contractors and seven individuals of fraud and breach of aircraft safety regulations…
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Stranded Russian jet leasing trial begins with settlement: Reuters
AXA is reported to have reached a settlement with aircraft lessor Dubai Aerospace Enterprise for planes and spare engines left…
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WTW hires Besso Grimme’s top team for German aviation launch
WTW has confirmed the launch of a new aviation business in Germany after hiring Christian Grimme from Ardonagh Group’s Besso…
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Competition controlling aviation rates, says Marsh
Most aviation classes are experiencing continued competition, with sufficient capacity across the airline, general aviation, and aerospace insurance markets, according…
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Aviation sector growing but challenges remain
The aviation sector will see gross written insurance premiums (GWP) hit a 20-year high in 2024 of more than $8bn,…
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Aviation industry must prioritise cyber security, says survey
Airlines are “flying blind” on third party risks and should ramp up their cybersecurity management to avert a potential disaster,…
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Aon launches Irish aviation division
Aon has launched an aviation division in Ireland with a dedicated team in the country offering risk management and insurance…
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Boeing pleads guilty to 737 crash charges and accepts $244m criminal fine
Boeing has agreed to a guilty plea over fraud charges in the US and will pay a $243.6m criminal fine…
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AXA XL names three new CUOs
AXA XL has named chief underwriting officers (CUOs) for casualty, specialty and cyber coverages in the Americas, within its newly…