Industry Segments: Aviation Page 2 / 3
- 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GlobalData report says several insurers have withdrawn from the market after "years of unsustainable losses".
- July 14 2021
Asia’s aviation risk rises as airlines hustle for business
Higher accident rates a concern as airlines add 500 new routes across the region.
- July 2 2021
GIC Re underwriting improves on aviation, motor initiatives
Indian reinsurer tells IAN aviation COR should be near 100% in 2022.
- May 17 2021
Asia aviation premiums set for second half lift off
Brokers, insurers and reinsurers are set to recover some lost ground over the next six months.
- May 4 2021
Asia’s satellite market the ‘hardest’ in a decade—source
Global reinsurers generally pick up losses in the region.
- March 5 2021
Asia’s aviation market set to harden further
Aon's Gary Moran says premiums are dependent on a broader airline industry recovery.
- January 12 2021
Sriwijaya Air crash hints at 2021 aviation risks
Resuming service after Covid-19 puts spotlight on aircraft maintenance during the pandemic.
- November 20 2020
Tysers hires former Swiss Re and Aon Re execs for APAC push
Jane Smart and Cameron Nicholas will be based in the broker's London office.
- November 17 2020
Asia’s cargo market in spotlight as vaccine breakthroughs hailed
(Re)insurers and brokers are examining aviation rules and liability limits for the huge operation.
- September 14 2020
Aon and McLarens warn on losses, reduced capacity in Asia’s aviation market
But there are tentative signs of recovery in the sector, after a torrid year so far.
- July 28 2020
Ethiopian Airlines fire in Shanghai is potential US$190m loss
Last year's crash involving the same airline inflicted US$450m of damage for insurers.
- June 1 2020
AIG on hook for Pakistan plane crash: report
A Pakistan International Airlines plane crashed on May 22 killing 97 people.
- January 14 2020
BGC’s aviation broker hires Asia expert
The start-up broker wants Ian George to help grow a book in the region.
- November 8 2019
Plane travel is safer than ever, but aviation claims still exceed premiums.
- November 7 2019
Aviation claims grow, but flying safer: AGCS
Perhaps surprisingly, the global aviation market has seen some of its safest years ever.
- October 15 2019
MS Amlin confirms aviation exit
The decision has followed a strategic review.
- September 2 2019
US$250m China satellite loss is looming: report
Any loss is likely to affect the international reinsurance markets.