Aviation
Families receive MH370 compensation payouts
Families of passengers on missing Malaysia Airlines flight MH370 have begun receiving compensation payouts of $50 000 (£29 454).
Aerospace union appoints HFW partner as legal advisor
The International Union of Aerospace Insurers has appointed Holman Fenwick Willan partner Giles Kavanagh as its new legal advisor.
Lloyd’s could face claims from missing Malaysian plane’s search operation
Flight MH370 loss is higher than initial estimates due to ongoing search
Brit snaps up renewal rights to QBE's aviation business
Brit has reached an agreement to acquire the renewal rights to QBE’s London-based dedicated Lloyd’s aviation business.
Flight MH370 loss could impact war risk rates
If Malaysia Airlines' Flight MH370 is classified as a war loss, it would be one of the largest since the 2001 attacks on the World Trade Centre and would likely lead to rate to rate increases in war policies, according to S&P.
Nelson confirms Lloyd’s insurers have started paying MH370 claims
Lloyd’s chair John Nelson has confirmed market insurers have begun paying out claims relating to the loss of Malaysia Airlines flight MH370.
Lack of flight data from MH370 could impact claims payouts
The disappearance of Malaysia Airlines flight MH370 should deliver a wake up call to insurers on the importance of external data collection, a specialist aviation barrister has said.
Remote Piloted Aircraft: Game of Drones
With remote piloted aircraft systems – or drones – increasingly used commercially, what are the insurance risks involved?
New data indicates Flight MH370 went down in Indian Ocean
New evidence has led officials investigating the disappearance of Malaysia Airlines flight MH370 to conclude that the plane crashed into the Indian ocean leaving no survivors.
Allianz position on missing plane policy clarified as lead reinsurer
Allianz is the lead reinsurer on the hull and liability cover for Malaysia Airlines, rather than the lead insurer as previously reported, according to market sources.
Russia: Aviation and space insurance
The Russian Association of Aviation and Space Insurers hosted its fifth international conference on aviation and space insurance in Russia in Moscow on 27 February.
Allianz confirms missing plane payment
Allianz has confirmed that it has made payments to Malaysia Airlines over missing flight MH370.
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
Allianz agrees to pay missing plane claim
Allianz has agreed to pay the hull and liability claim for Malaysia Airlines flight MH370, despite ongoing uncertainty about the fate of the aircraft along with its passengers and crew, Post understands.
Malaysia Airlines loss at least $500m says Credit Suisse
A Credit Suisse report has estimated the total insurance loss of Malaysia Airlines flight MH370 at between $500m (£301m) and $600m.
LMA calls for industry standard on drones
The Lloyd’s Market Association has provided input for a European Commission study on the liability and insurance requirements generated by Remote Piloted Aircraft Systems.
Penny Speed meets... Kevin Betts, Airclaims' regional director Asia Pacific
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Gallagher appoints Hamilton-Cox to aviation division
United Insurance Brokers’ Chris Hamilton-Cox has joined Arthur J Gallagher as a director in its aviation division.
Underwriting trio form aerospace business via 'club-style' MGA
Altitude Risk Partners has formed an aerospace underwriting business after utilising Castel Underwriting Agencies’ ‘club-style’ managing general agent platform.
Howden recruits trio to pilot aviation division
Hyperion-owned insurance broker Howden has recruited two from Gallagher and a further specialist from Marsh to bolster its aviation unit.
Beazley satellite capability set for take-off following Bensoussan hire
Beazley has appointed Hiscox senior underwriter Denis Bensoussan to establish a satellite insurance capability within the company following the specialist insurer’s move into aviation insurance in 2012.
Investigation begins into military helicopter crash
An investigation has begun into the circumstances in which a US Air Force helicopter crashed in Norfolk, killing all four people on board.
Willis predicts unprofitable airlines market by 2015 as soft market continues
Unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the busy airline renewal season according Willis Group Holdings.
Chris Wood to retire from Chaucer aviation post
Peter Wakefield has been appointed Chaucer aviation division head following the retirement of Chris Wood.