Aviation
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.
Ex-pilot Matcham promoted to head of aviation at Alan & Thomas
Alan & Thomas Insurance Group has appointed Peter Matcham as head of aviation insurance at the Dorset-based firm.
Investigation underway into fatal helicopter crash
At least nine people are known to have died after a police helicopter crashed into the roof of The Clutha pub in Glasgow on Friday night.
Booth promoted to active underwriter for Syndicate 1955
Barbican Group has promoted David Booth to the position of active underwriter, Syndicate 1955.
Airline insurance buyers to benefit from high capacity and competition
Abundant capacity, high levels of competition, limited loss activity and an aggressive broking community will benefit airline insurance buyers renewing in the final quarter of 2013, according to Willis Group.
Kiln offers discounted cover for unmanned aerial craft
Kiln has partnered with aviation training specialist Resource UAS to offer reduced pricing on hull and liability covers for remote piloted aerial crafts.
Hiscox launches aviation website
Specialist insurer Hiscox has launched a direct website, designed to offer loss of licence and loss of training expenses insurance to aviation professionals.
Allied World snaps up Markel's aviation renewal rights
Allied World Europe has reached an agreed with Markel International to acquire the renewal rights to a book of aviation business written by Lloyd’s Syndicate 1400 and Markel Europe.
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.