Industry Segments: Aviation Page 3 / 5
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- April 17 2023
APAC aviation renewals on course for 50% hikes
Middle and higher XOL treaty layers see steep climbs while terms and conditions are under scrutiny, especially for war risks.
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- April 12 2023
PVI Insurance leads consortium of insurers for crashed Vietnamese chopper
Bao Viet Insurance and Military Insurance are other members of the consortium that provides cover to the Vietnam Helicopter Corporation fleet.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- March 23 2022
CBIRC urges insurers to properly handle claims from China crash
21 insurance companies are conducting investigations on-site.
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- 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.
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- 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.
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- December 23 2021
Marsh Specialty appoints HK-based aviation risk leader
Rick Howell will join the global broker in January from Cathay Pacific.
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- December 6 2021
WTW acquires aviation broker Aerosure
The company was established in 2009 following a restructuring of Willis’s Pacific aerospace business.
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- 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.
