Aviation
Travelers hires ex-Catlin director for aviation division
Travelers has appointed David Watts as head of general aviation for Travelers Syndicate Management, Syndicate 5000 at Lloyd’s.
Interview: Markel's William Stovin: Culture club
Happy with the cultural fit following Markel’s $3.1bn acquisition of Alterra, president and chief operating officer William Stovin is looking to drive the newly merged firm forward.
Double compensation rule thwarts Silverstein's bid for WTC payout
World Trade Centre developer Larry Silverstein has failed in his bid to recover billions of dollars from the airlines whose planes were used in the 11 September 2001 terrorist attacks.
Chesterfield appoints new aviation head
Lloyd’s broker Chesterfield has appointed Stephen Campbell to head its aviation division.
Downward trend in airline insurance premiums set to continue
The loss of an Asiana Boeing 777 aircraft earlier this month will do little to change the downward slide in premium prices in the airline insurance market, a report by Willis said.
AIG said to be lead insurer for Asiana crash
AIG has been named as the lead insurer providing cover for the Asiana Airlines crash in San Francisco airport on 6 July, Bloomberg reported.
Asiana crash claim could amount to $2.3bn
The Asiana Airlines’ Boeing 777 that crashed in San Francisco on 6 July was insured for $2.3bn (£1.7bn).
Chaucer adds aerospace specialist to aviation team
Lloyd’s insurer Chaucer has appointed Anna Dedman to specialise in the aerospace sector as part of its aviation team at Chaucer Syndicate 1084.
QBE aviation product gives extra $125m of cover
QBE has launched an aviation excess grounding liability product giving clients an additional $125m (£82m) of cover.
QBE launches aviation excess liabilities in Dubai
QBE has launched an excess of loss product for aviation liabilities in the Middle East.
Liberty Mutual Europe to lead new aviation consortium
Liberty Mutual Insurance Europe is forming a consortium to underwrite Aviation Insurance in a leading capacity, on behalf of itself, Ace Global Markets and Hiscox.
Liberty Mutual forms aviation consortium with Ace & Hiscox
Liberty Mutual Insurance Europe is to work with Ace Global Markets and Hiscox in a consortium for aviation cover.
Kennedys merges with aviation specialists Gates and Partners
Kennedys has agreed a merger with specialist aviation and aerospace law firm Gates and Partners.
In Series: Technology: Are insurers prepared for motor risk focused on vehicle malfunction?
A new dawn for drivers
Airlines to face claims after fire causes delays at Heathrow
Airlines operating out of Heathrow could face substantial claims if current delays affect tomorrow’s flights.
Space Tourism: Ready for liftoff?
With Virgin Galactic edging closer to launching tourists through the stratosphere for the first time, what part will the insurance industry play in this uncharted territory?
Master programs: A complex world
Companies are expanding from West to East, and from East to West; risks are rising and regulations becoming more complex. Andrew Tjaardstra discovers some of the key considerations that should be taken into account when arranging a global insurance…
Top 5 European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Thomson to seek compensation for delayed B787
TIU-owned Thomson Airways will seek compensation following the delay in the delivery of its Boeing 787 Dreamliner, Post has learnt.
Airclaims names new MD post-McLarens merger
Mark Hunter has left his post as chief executive of Airclaims by mutual agreement amid a restructure of management roles, 18 months after the aviation management specialist merged with loss adjuster McLarens.
Lancashire produces stable profit despite $44m Sandy loss
Lancashire Holdings saw an increase in gross written premium in 2012 to $724.3m (£475.8m) compared to $632.3m the year before. Its net operating profit slightly increased to $220.3m (2011: $219m) over 2012, and its combined operating ratio was reasonably…
Argo's head of aerospace to become underwriting director
Lloyd’s insurer Argo International has promoted Bruno Ritchie, pictured, to underwriting director.
Besso poaches aviation head from Gibbs Hartley Cooper
Independent Lloyd’s broker Besso Insurance Group has appointed Richard West as its head of aviation.