Aviation
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August 15, 2023
Ample capacity and stable pricing for space risks
The space insurance market continues to demonstrate ample capacity for most risks, with pricing trends being relatively stable to slightly…
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August 1, 2023
Fidelis MGU sets 2030 decarbonisation target
Bermuda-based Fidelis MGU has set a first interim target for its underwriting portfolio, covering all emission scopes across the energy…
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July 27, 2023
War insurance premiums may double for airlines, sources tell Reuters
Airlines face war insurance premiums doubling, according to a Reuters report after industry sources said a “bruising year” wiped out…
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July 24, 2023
Howden buys Swiss aviation broker Hudson Sky
Howden has bought Swiss aviation broker Hudson Sky International for an undisclosed fee. Howden said the move is part of…
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July 11, 2023
Jurisdiction battle over $10bn Russian aviation coverage dispute
More than 40 aviation leasing firms locked in a struggle with insurers over who should bear up to $10bn in…
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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…