Aviation

Slower ascent for airline insurance in 2010

Aon's airline insurance market outlook 2010 report shows that the average lead hull and liability premium in the airline insurance market rose by 20% during 2009, taking total lead hull and liability to US$1.9 billion.

Novae profit declines

Pre-tax profits for 2009 at the (re)insurance group fell £9.6m due to first half losses but gross written premiums rose 10%

AIG unit CEO to retire

AIG's aeroplane leasing unit International Lease Finance Corporation (ILFC) said that its CEO Steven F. Udvar-Hazy will retire as director and chief executive officer is to retire.

Aviation: Turbulence ahead

The series of air disasters in 2009 were a human tragedy, yet made for only an average loss year for reinsurers. The market should be prepared for tougher times though, argues Eric Alexander

20 Years ago: Lockerbie boost for relatives

Lockerbie relatives seeking damages from Pan Am received a boost to their cause in a US federal court last week, when a judge ruled that punitive damages could be sought under the Warsaw Convention.