Sedgwick builds specialised global aviation claims and adjusting service
May 2 2024 by Mithun Varkey
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Nepal air crash: 99.7% of estimated US$3m loss ceded out to foreign reinsurers
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The hull and liability cover were provided by a Nepalese carrier Prabhu Insurance and reinsured with a London-based carrier through facultative cover, IAN understands.
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Capacity loading at the front end driving rate softening for Asia aviation market
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With the outcome of major disputes relating to Russia-Ukraine and Boeing 737 Max still uncertain, additional retail capacity in the regional aviation market is steering rating.
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Singapore Airlines offers compensation to passengers on turbulence-hit flight: reports
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Passengers with minor injuries have been offered US$10,000, while those with sustained serious injuries and require long-term medical care are offered an advance payment of US$25,000 to address their immediate needs.
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Chubb lands Australian aviation specialist MGA
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The global insurer plans to close the acquisition of Melbourne-based Catalyst Aviation Insurance by the end of this month.
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