Aviation
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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…
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New leaders for Generali in Mediterranean and Latin America
Generali Global Corporate & Commercial (GC&C) has made three strategic appointments in its leadership team in the Mediterranean and Latin…
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Continued rate softening in airline insurance market as competition increases
Excess capacity and increased competition in the airline insurance market are driving further rate softening, according to Gallagher. In its…
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Charles Taylor acquires US aviation claim management services firm
Adjusting firm Charles Taylor has acquired Florida-based aviation hull and liability claim specialists M3 Aviation Services. The firm specialises in…
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Fidelis syndicate 3123 begins underwriting at Lloyd’s
Fidelis’ syndicate 3123 has formally begun underwriting business at Lloyd’s, with an initial target to write $180m of GWP in…
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Global space practice launched by Lockton
Lockton has launched a new global space practice offering a suite of products across the full breadth of the space…
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Slower growth forecast for UAE’s general insurance industry
The United Arab Emirates (UAE) general insurance industry is expected to grow by 6% in 2024, supported by personal accident…
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Lufthansa’s Delvag appoints co-head of aviation underwriting
German airline Lufthansa’s captive insurer Delvag has announced Julia Gärtner will join Dennis Heinen to head up its aviation insurance…
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Chubb to acquire Australian aviation MGA
Chubb is to acquire Catalyst Aviation Insurance, a Melbourne-based MGA that specialises in general aviation insurance for the Australia market.…
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Itasca MGA names chief executive
Aviation-focused managing agent (MGA) Itasca has appointed Gareth John as chief executive officer and director. The UK firm was established…
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French specialist aviation broker joins Brokerslink network
Brokerslink has added a new French specialist aviation broker, Air Courtage Assurances, to its network. The French brokerage firm has…
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Gordon Browne rejoins AIG from Allianz as global head of specialty
Gordon Browne will become global head of specialty at AIG, where he will replace Paul Greensmith, who has decided to…
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Favourable aviation insurance market for now, says WTW
The rising price of airline insurance has attracted capacity back to the airline insurance market, creating competition and the opportunity…
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Boeing confirms it refused to pay $200m cyber ransom
Aircraft manufacturer Boeing has confirmed it refused to pay a $200m ransom demand after it was the victim of a…
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Lloyd’s syndicate to focus on Australia and New Zealand
A new syndicate at Lloyd’s focused primarily on Australia and New Zealand and writing accident and health, aviation, casualty, construction,…
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Dubai floods put $8bn of aircraft at risk, estimates Russell Group
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms…
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Relatively stable conditions for airline insurance market, says Gallagher
While uncertainty persists for the airline insurance market and challenges remain, for now, market conditions are relatively stable and will…
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New global directors of aviation and marine at Charles Taylor
Hugh Thacker has been appointed as global director of aviation and David Boghurst as global managing director of marine at…
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Private equity firm takes controlling interest in Italian broker GBSAPRI
Private equity firm Brera Partners said it has bought 70% of shares in Italian broker GBSAPRI Group to drive consolidation…