Aviation
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.
Q&A - Aviation: Turbulent times
In an unprecedented year of aerospace disasters, Post asks the experts how they expect recent tragedies to impact the aviation sector’s insurance policy renewals
Air India's premiums climb 15%
Air India has seen premiums for its fleet climb 15% on its 1 October renewal after a turbulent time for the aviation insurance sector.
Satellites: Space is the place
With an increased reliance on satellite technology, how can insurers mitigate against the major risks inherent in the rise of global communication networks?
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Reinsurance Rendezvous Preview: The full Monte
Key figures from the world of reinsurance give Post the rundown on the state of the sector and the issues likely to top the agenda at this year’s Reinsurance Rendezvous in Monte Carlo
Altitude hires former broker for underwriting role
Aviation and space underwriter Altitude Risk Partners has appointed former broker Charles Hollingworth as underwriter.
Interview: Charles Franks: Moving in together
Kiln chief executive Charles Franks chats to Post about the transformation into Tokio Marine Kiln, the firm’s new offices and his international outlook