Aviation
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February 25, 2022
Russian invasion of Ukraine to seriously exacerbate supply chain risks
Russia’s invasion of Ukraine will seriously exacerbate supply chain disruptions, as well as rising commodity and energy prices, which were…
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February 21, 2022
WTW highlights softening trend in airline insurance market
There is tension between excess capacity in the airline insurance market and uncertainty about both the economic conditions and Covid-19,…
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February 17, 2022
Budget airlines more at risk from Ukraine-Russia crisis as insurers retreat: Russell Group
Low-budget airlines are more at risk if Ukraine is forced to close its airspace as tensions simmer with Russia, according…
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February 17, 2022
WTW and MGA Falvey launch ‘first’ standalone cargo cyber policy
WTW has developed a standalone cyber policy for cargo risks in partnership with managing general agent (MGA) Falvey Cargo Underwriting,…
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February 14, 2022
Insurers withdraw cover for Ukrainian airline carriers
Ukrainian airline SkyUp said it has suspended sales of flight tickets for the next two days, after global insurers withdrew…
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January 27, 2022
New head of aviation for Apollo’s Syndicate 1969
Apollo Syndicate Management has appointed Martin Jackson as its new head of aviation for syndicate 1969. He will join the…
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January 7, 2022
Aviation buyers can expect softer rates and even reductions in 2022, says Gallagher
High rate rises for general aviation insurance buyers have become “a thing of past” as we enter 2022, with rates…
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January 6, 2022
AMRAE confident of progress on captives as it confirms conference to go ahead next month
AMRAE has confirmed that its annual meeting of French risk managers will go ahead in-person next month, and urged cyber…
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January 4, 2022
Global reinsurance cat rates up 10.8% at January renewals: Guy Carp
Global property catastrophe reinsurance rates increased 10.8% at 1 January 2022 renewals, according to Guy Carpenter. It added that reinsurance…
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December 21, 2021
Iceland issues warning over volcano
Icelandic authorities have raised the alert level for a possible eruption of the country’s most active volcano. The Icelandic Meteorological…
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December 21, 2021
Marsh names risk manager Howell as aviation operational risk consulting leader
Marsh has appointed risk manager Rick Howell as aviation operational risk consulting leader. Howell will join the broker at the…
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December 7, 2021
Marsh names Sartain head of US and Canada specialty
Marsh has appointed Michelle Sartain, previously head of its US financial and professional lines division (finpro), to lead its specialty…
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December 6, 2021
Willis Towers Watson acquires specialist aviation broker in Australasia
Willis Towers Watson (WTW) has acquired Aerosure, a leading aviation industry specialist based in Sydney, focused on the Australia, New…
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November 5, 2021
Dutch pension fund divests €15bn of fossil fuel holdings
One of the world’s largest pension funds is set to dump its multibillion-euro holdings in fossil fuel-linked companies, in frustration…
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November 2, 2021
New aerospace unit launched by Applied Underwriters
Applied Underwriters has launched Applied Underwriters Aerospace with the former PartnerRe direct and facultative (D&F) space team, led by veteran…
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October 20, 2021
David Slevin to pilot TMK’s aviation business
Tokio Marine Kiln (TMK) has appointed David Slevin as departmental head of aviation as part of its strategy to expand…
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October 19, 2021
Sompo sets sights on international general aviation expansion
Sompo International is increasing its appetite for general aviation risks and has appointed Peter Buckley as vice-president of aerospace to…
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October 11, 2021
Fourth quarter airline renewals ‘more positive’ for buyers, says Gallagher
Renewals promise to be “more positive” for aviation buyers with rate rises set to moderate in time for the “all…
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October 4, 2021
Piiq Risk hires Swiss Re’s Devouge to boost aviation business in Europe
Global aerospace (re)insurance broker Piiq Risk Partners has appointed Sylvain Devouge as senior partner. Devouge joins Piiq Risk from Swiss…
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October 1, 2021
Aviation sector faces up to sustainability challenge
The aviation industry has been and still is severely hit by the restrictive measures introduced during the pandemic. The current…