Line of business: Aviation Page 1 / 5
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- April 22 2025
Willis bolsters India aviation, space team
Anant Pawar joins the WTW broking business from Aon India, where he was chief broking officer.
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- April 9 2025
‘Storm clouds remain’ for aviation market as Japan helicopter crash adds to growing list of disasters
Gallagher Specialty says the aviation and aerospace insurance market is delicately balanced after a series of high-profile losses.
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- February 26 2025
‘Untainted appetite’, capacity remains for aviation programs despite high-profile losses
Aviation (re)insurance sector remains a buyer’s market, although uncertainty remains following high-profile losses in the US and South Korea.
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- February 10 2025
BOC Aviation settles Irish lawsuits against insurers over stranded Russian jets: report
SMBC Aviation Capital has, meanwhile, reached settlements with Swiss Re and Scor Europe, two of the 18 insurers it is pursuing litgation against.
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- January 26 2025
Howden aviation broker Isaac Fuente swaps London for Singapore
Fuente has been appointed as a senior aviation insurance broker, having joined Howden in May 2022.
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- January 10 2025
Jeju Air, Azerbaijan Airlines crashes add early pressure on market: Gallagher Specialty
Losses alone are unlikely to prompt a market reaction, but will impact year-end underwriting results, broker says in a report.
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- January 1 2025
Jeju Air crash insured losses could reach US$150m
The estimated liability claims from the deadly crash could top US$100m, IAN understands.
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- December 9 2024
HDI Global Australia brings onboard ex-QBE Geoff Pratt as aviation underwriting manager
Pratt, who was aviation manager for the northern region and business relationship manager for the Australian insurer based in Brisbane, will relocate to Sydney for the new role.
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- December 2 2024
Agile continues ANZ buildout with Jamie Connor promotion
Connor's promotion to head of aviation for Australia and New Zealand aligns with the MGA's strategy to strengthen its position in the region since entering the NZ market in August.
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- August 23 2024
Howden launches new aviation hub in Singapore with Dorygel Calimlim in charge
Calimlim, who joins from Gallagher, will be the divisional director and head of aviation for Asia Pacific and will be looking to grow the team in the coming months, she told IAN.
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- August 12 2024
Robust regulations key to insuring next-gen aviation systems
Insurers are gearing up for the dawn of a new era for aviation with advanced air mobility solutions but it necessitates updates to policy wordings, development of unique programs and adapting to changing regulatory environments.
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- August 8 2024
Nepal’s Air Dynasty helicopter crash leads to US$1.4m total loss
The chopper was insured with Sagarmatha Lumbini Insurance, which already had four helicopter losses in the country in 2023, and Nepal Reinsurance is the reinsurer involved in the latest crash, IAN understands.
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- July 25 2024
Nepal air crash: 99.7% of estimated US$3m loss ceded out to foreign reinsurers
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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- July 3 2024
Capacity loading at the front end driving rate softening for Asia aviation market
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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- June 12 2024
Singapore Airlines offers compensation to passengers on turbulence-hit flight: reports
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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- June 5 2024
Chubb lands Australian aviation specialist MGA
The global insurer plans to close the acquisition of Melbourne-based Catalyst Aviation Insurance by the end of this month.
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- May 28 2024
Singapore Airlines turbulence puts new risks on the radar
Allianz-led liability program for the airline was placed by Gallagher and Sedgwick has been retained as the loss adjuster, IAN can reveal.
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- May 24 2024
Allianz is lead insurer for Singapore Airlines turbulence-hit flight: report
The extreme turbulence led to the death of a 73-year-old man, with 20 remaining in intensive care.
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- May 2 2024
Sedgwick builds specialised global aviation claims and adjusting service
The adjusting and surveying solutions will be offered from its hubs worldwide including APAC.
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- March 25 2024
BOC Aviation assessing implications on insurance claims for two jets recovered from Russia last week
The Singaporean lessor has made US$258m in insurance recoveries for 11 aircraft, while the remaining six planes have net pre-tax write-down value of US$310m.
