Industry Segments: Aviation Page 1 / 2
- March 24 2023
Japan H3 rocket failure losses trigger domestic aviation pool
With the launch costs estimated at around US$50m, the loss won’t spill over to international reinsurers.
- March 9 2023
Sompo Japan partners space start-up to offer satellite cover
The carrier to partner with Japanese startup Warpspace, which will help assess the risk of launch accidents or collisions in orbit.
- January 25 2023
US$10.5m estimated air crash loss raises concerns over Nepal’s aviation sector
IAN understands that Nepali insurers usually only take up 3% of the ratio of the loss payout.
- December 14 2022
Gallagher acquires Aviation Insurance Australia
The aviation broker's MD Ian Tait and his team will stay in Brisbane and report to Paul Harvey, Gallagher's Australia specialisms MD.
- November 19 2022
CDB Aviation files lawsuit against 18 insurers over jets stranded in Russia: report
The China Development Bank-owned aircraft leasing company suit in Dublin names Lloyd's, Chubb, Swiss Re, Munich Re, among others.
- November 15 2022
BOC Aviation files suit in Irish High Court against 16 insurers
The aircraft leasing firm filed insurance claims in August after a US$804m write-down on 17 aircraft grounded in Russia following sanctions.
- October 19 2022
TMK eyes specialty growth in ‘complex, volatile’ Asia
Pavlos Spyropoulos says the target is to double regional GWP from US$100m in 2022 within five years.
- August 3 2022
APAC marine, aviation and transit GWP to hit US$16bn in 2026: GlobalData
The Regional Comprehensive Economic Partnership is set to help spur growth.
- August 1 2022
MGA Rokstone eyes Asia cat market opportunity
The specialty player has regional capacity and wants to expand as pricing hardens and terms improve.
- May 12 2022
HDI Global Specialty names head of aviation for Australia, NZ
Dylan Jones has been promoted from his role as a senior underwriter.
- May 6 2022
QBE CEO warns of US$75m hit from Ukraine crisis
The Australian insurer has exposure to political violence, political risk and aviation.
- April 1 2022
US$18.3m prepaid for downed China plane
The Boeing 737 crashed into a mountain in Guangxi province in south-west China on March 21.
- March 23 2022
CBIRC urges insurers to properly handle claims from China crash
21 insurance companies are conducting investigations on-site.
- March 22 2022
Insurers brace for claims on back of downed Boeing 737
The plane crashed in Guangxi province in China with 132 people onboard.
- January 13 2022
India pressed for pandemic risk pool
The regulator has been working on the project with a private and public partnership the most likely outcome.
- December 23 2021
Marsh Specialty appoints HK-based aviation risk leader
Rick Howell will join the global broker in January from Cathay Pacific.
- December 6 2021
WTW acquires aviation broker Aerosure
The company was established in 2009 following a restructuring of Willis’s Pacific aerospace business.
- December 2 2021
Indonesia’s Tugu ‘dominates’ energy, aviation and marine: AM Best
The company has "high reinsurance usage" to support the underwriting of large commercial risks.
- November 11 2021
Asian aviation – gearing up for recovery
Recent travel route openings suggest there is light at the end of the tunnel for international travel.
- July 15 2021
APAC marine, aviation, transit premiums to hit US$14.5bn by 2025
GlobalData report says several insurers have withdrawn from the market after "years of unsustainable losses".