Aviation
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Covid-19 reshapes future risk landscape, says AGCS report
Covid-19 has radically altered long-term risk trends, with new exposures emerging from the pandemic, according to a report published by…
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HDI Global Specialty appoints Barenthein as MD for Scandinavia
HDI Global Specialty has appointed Thomas Barenthein as managing director of its Scandinavian branch. He also joins the executive board…
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AGCS suffers €488m Covid-19 claims in H1 but revenues healthy
Allianz Global Corporate & Specialty (AGCS), the corporate insurance arm of Munich-based Allianz Group, has estimated Covid-19 claims of €488m…
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AIG says rate increases strongest in last 20 years but posts Q2 $7.9bn loss
AIG execs have told analysts that market hardening is the strongest for decades, on the back of Covid-19, and are…
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Aerospace broker Piiq Risk Partners gets approval to open in France
Global aerospace (re)insurance broker Piiq Risk Partners has secured regulatory approval to open in France and help serve European clients…
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Aviation rates harden but industry profits hang in the balance for 2020, says Gallagher
Covid-19 could act as a catalyst for future rate increases in aviation insurance and accelerate the upwards trend already in…
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AGCS announces major shakeup to ‘rebuild’ profitability
Allianz Global Corporate & Specialty (AGCS) is embarking on a major ‘New AGCS’ global transformation programme to “rebuild” profitability, which…
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Aviation rates set to rise from Covid-19 but cover available
The cost of aviation insurance is set to rise further as Covid-19 changes the underlying risk and insurers seek minimum…
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Aviation risk in uncharted territory as Covid-19 takes toll
Risk managers in the aviation sector face a radically different risk landscape as they try to come to terms with…
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DAC Beachcroft hires Stovold from Clyde & Co as aviation partner
Law firm DAC Beachcroft has appointed Alex Stovold as aviation partner in its London global insurance practice. Mr Stovold joins…
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Covid-19 unlikely to change course of aviation rates, says Gallagher
Broker Gallagher has said Covid-19 is unlikely to change the course of the aviation insurance market, with hardening conditions set…
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Willis sets up aviation community risk group
Willis Towers Watson (WTW) has launched a data and risk strategy group called A Class for its aviation clients. Set…
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Marsh JLT Specialty appoints global head of aviation
Garrett Hanrahan has been appointed as global head of aviation, Marsh JLT Specialty. He will succeed Simon Harker, who is…
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Coronavirus spikes in Europe as Italy places northern towns on lockdown and global pandemic fears mount
The impact of Covid-19 hit Europe hard over the weekend, as the Italian government in particular took drastic action to…
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Greenberg says simple maths means market hardening will continue as Chubb delivers strong results
Chubb’s Evan Greenberg believes that simple maths means the insurance market will continue to harden for some time, as the…
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AGCS appoints CUO for speciality business
Allianz Global Corporate & Specialty (AGCS) has appointed Henning Haagen as chief underwriting officer of specialty. Mr Haagen, who is…
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Aviation losses line up further insurance price hikes in 2020, warns Gallagher
Large losses anticipated for 2019 will drive further rate hardening for aviation insurance buyers in 2020, according to analysis from…
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BGC’s Asian offering boosted by key aviation hire at newly named Piiq Risk Partners
Piiq Risk Partners, a global aerospace (re)insurance brokerage that is part of US-based BGC Insurance Group and was only was…
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Gallagher adds to Asian capabilities with stake in leading Malaysian broker
AJ Gallagher, the global insurance broker, risk management services and consulting firm, has added to its global programme capabilities through…
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Airports face up to climate change risk
Climate change is now one of the top risks faced by airports, according to a poll held at the Willis…