Aviation
Hiscox eyes bolt-on acquisitions to boost growing retail book
Hiscox is keen to complete more bolt-on acquisitions as it looks to continue growing its retail book, according to chief underwriting officer Richard Watson.
Novae promotes Butcher to syndicates CEO
Novae has promoted Jo Butcher to Novae Syndicates CEO and Rob Forster to chief underwriting officer.
Aviation rate rises ‘more muted’ than initially hoped, says Beazley boss
Intense competition in the aviation market - particularly in the area of war risks - has prevented the industry securing the rate rises necessary following a spate of costly plane losses, according to Beazley’s chief underwriting officer Neil Maidment.
Tysers aviation MD Walters jets off to Gallagher
Arthur J Gallagher has hired Tysers’ aviation managing director Mark Walters to lead its own aviation division.
At least 31 dead in Taiwan plane crash
At least 31 people have been confirmed dead after a TransAsia Airways plane clipped a bridge near Taipei, Taiwan's capital, this morning.
Willis promotes Smaje to Willis GB broking head
Willis has promoted aerospace business CEO Philip Smaje to chief broking officer for Willis GB.
Flight recorders for crashed Air Asia jet located
Hopes of establishing the cause of the fatal Air Asia Flight QZ8501 crash have risen after both flight recorders were located by Indonesian divers.
Indonesia insurers prepare for Air Asia payout
Two Indonesia insurers are preparing to pay out around $70m (£46.3m) as result of Air Asia flight QZ8501 crashing into the sea killing all 162 people on board.
Allianz leads hull and liability policy for Air Asia jet
Allianz is the lead reinsurer on the hull and liability policy for the stricken Air Asia jet which crashed last week, Post understands.
Blog: The lift-off of space insurance
In the wake of the tragic crash of Virgin Galactic's SpaceShipTwo, the insurance of space travel has been headlining global news.
Computer glitch causes chaos for UK flights
A system failure affecting air traffic control workstations was to blame for disruption to thousands of passengers coming in and out of Britain's biggest airports on Friday, officials told Reuters, as services returned to normal on Saturday.
Flight MH17 wreckage arrives at Dutch airbase ahead of probe
Wreckage from the ill-fated Malaysia Airlines flight MH17 will be reconstructed after being transported to the Gilze-Rijen airbase in Holland as part of a probe into what brought the plane down.
Review of the Year: Lloyd's
Post’s annual review of Lloyd’s and the London market gathered reflections from players including Besso, Markel, Lloyd’s, Hiscox, EY and Beazley to reflect on 2014 and the challenges and expectations that lie ahead for next year
Towergate sells Hayward Aviation to JLT for £27m
Jardine Lloyd Thompson Group has bought Towergate's Hayward Aviation for £27m.
Australian familes to bring MH17 lawsuit in ECHR
Eight Australian families are preparing to bring a joint-suit against Russia, Ukraine, Malaysia and Malaysia Airlines regarding the downing of the stricken Malaysia Airlines flight MH17.
AGCS predicts aviation exposure to exceed £638bn by 2020
Increasing fleet values and a rise in passenger numbers is expected to push the value of aviation risk exposure through the $1trn (£638bn) barrier by 2020, according to Allianz Global Corporate & Specialty.
Russian market facing 'significant challenges' despite premium growth
A predicted 10% rise in non-life Russian premiums in 2014 would be largely a result of inflation and masks the inherent problems faced by the profession in the country, according to Axco Insurance Information Services.
McLarens Aviation handling Virgin Galactic claims
McLarens Aviation has been appointed to handle claims emanating from the Virgin Galactic Space Ship Two crash, Post understands.
Tokio Marine Kiln syndicates forecast to deliver profits for 2012 and 2013
Tokio Marine Kiln Syndicates 510 and 557 remain forecast to deliver profits for the 2012 and 2013 years of account, according to updated forecasts for the two years of account.
Large losses below expectations at Catlin despite aviation disasters
Catlin has achieved third quarter gross written premium growth in line with its business strategy after chalking up a GWP rise of 11% to $4.89bn (£3.1bn) (Q3 2013: $4.42bn) for the period.
Novae delivers 6% GWP increase in Q3 despite property and casualty slump
Lloyd’s insurer Novae Group has chalked up a 6% increase in gross written premium to £515.1m for the period ended 30 September 2014 (Q3 2013: £484.6m), despite recording GWP reductions in its property and casualty businesses.
Galactic loss and Antares explosion likely to put pressure on rates
The recent crash of the Virgin Galactic test flight and the Antares rocket explosion will put upward pressure on rates across the aviation sector, according to AM Best.
Hardy looks to Hiscox for energy and marine division head
Hiscox's Carl Day has been appointed energy, marine and aviation head at Hardy.
EY appointed liquidator for Northern and Western
EY has confirmed it was appointed provisional liquidator for Northern and Western Insurance Company.