Aviation
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July 6, 2023
Aviation market stable despite reinsurance challenges and outstanding claims
Despite ongoing challenges and outstanding claims, core pricing in the aviation insurance market is surprisingly stable across most sectors, with…
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June 21, 2023
Fidelis launches IPO to raise funds for expansion
Fidelis Insurance Holdings said proceeds from listing on the New York Stock Exchange will be used to grow its capacity…
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June 13, 2023
KLM greenwashing claim can go ahead, says Dutch court
The District Court of Amsterdam has granted permission for Dutch campaigners Fossielvrij and Reclame Fossielvrij to bring a greenwashing lawsuit…
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June 12, 2023
SiriusPoints partners with US aviation insurance programme administrator
SiriusPoint is to provide capacity to US aviation insurance programme administrator Air Centurion Insurance Services from 1 August. As part…
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June 5, 2023
Chubb opens aviation hub in Singapore for Asia expansion
Chubb has set up an aviation hub in Singapore as it focuses on developing its general aviation and aerospace business…
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May 31, 2023
Mactavish index shows UK claims litigation hitting High Court up 14% last year
New data from Mactavish finds that the number of commercial claims disputes going to the UK High Court rose 14%…
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May 31, 2023
Shipping losses hit all-time low in 2022, says AGCS
Shipping total losses hit a record low in 2022, down by more than a third to 38 from 59 the…
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May 18, 2023
Divided aviation insurance market with rate increases but new capacity
The aviation insurance market is “somewhat divided” according to Marsh Specialty, noting that rate increases due to the ongoing geopolitical…
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May 17, 2023
Canopius offers new capacity in aviation reinsurance launch
Speciality insurer and reinsurer Canopius has entered the aviation reinsurance market after appointing Andrew Hartley from Axis Capital. Canopius said…
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May 10, 2023
Strong market support for space insurance continues, says Gallagher
There is continued strong support for the space class in 2023, according to Gallagher, which notes that capacity has changed…
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May 5, 2023
Aviation market calm but tougher conditions expected in 2024
Aviation insurance rates are currently stable thanks to healthy market capacity but there is mounting pressure, and equilibrium this year…
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April 26, 2023
Lloyd’s expects settlement on Russian planes: report
Lloyd’s chairman Bruce Carnegie-Brown has told the Irish Independent the market expects to reach a settlement with policyholders that have…
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March 28, 2023
New London-based MGA to focus on advanced air mobility sector
A new MGA aimed at the advanced air mobility (AAM) sector and backed by Convex is to launch in London.…
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March 20, 2023
Sompo continues European expansion with German distribution deal
Sompo International has continued its recent expansion across Europe by entering into a distribution agreement to provide capacity to Hamburg-based…
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March 14, 2023
AGCS names AIG’s Browne CUO for specialty
Allianz Global Corporate & Specialty (AGCS) has appointed Gordon Browne as global head of specialty from AIG. Browne will report…
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March 6, 2023
AerCap in contact with Russian airlines over stranded jets
Irish aircraft leasing firm AerCap has been contacted by Russian airlines and their insurers over its planes that have been…
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March 6, 2023
Tokio Marine Kiln creates new aviation war team
Tokio Marine Kiln (TMK) has created a dedicated aviation war team and named AIG’s Will Green as the division’s underwriting…
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March 2, 2023
Hartford’s Lloyd’s syndicate shifts capacity away from aviation war risk
Hartford Financial Services Group’s Lloyd’s syndicate 1221 is shifting capacity away from aviation war risks, as a result of an…
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February 7, 2023
New drone insurance facility launched by Apollo and Moonrock
Specialist (re)insurer Apollo has launched a new drone insurance facility in partnership with Moonrock Drone Insurance, providing coverage for larger…
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January 20, 2023
AXA XL reducing aviation war cover after Ukraine losses, say Reuters sources
AXA XL is reported to be reducing aviation war cover after heavy Ukraine-related losses, according to Reuters. Two underwriting and…