Aviation
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.
Besso recruits aviation boss from Gibbs Hartley Cooper
Independent broker Besso has swooped for a new head of aviation from Gibbs Hartley Cooper.
Boeing 787 grounding claims could prove costly
All Nipon Airways has estimated the grounding of its 17 Boeing 787 aircraft has had a ¥1.4bn (£9.6m) impact on its revenue between 16 to 31 January.
Airline Iberia extends agreement with Allianz Global Assistance
Allianz Global Assistance has agreed a new deal with Iberia, the Spanish airline, offering travel insurance in the UK.
Liberty International Underwriters names Halligan as aviation head
Bill Halligan has been appointed as head of aviation at Liberty International Underwriters.
Swiss Re splits agriculture and aviation divisions
Swiss Re is to separate its agriculture and aviation divisions as part of a reorganisation of its special lines.
Swiss Re reorganises special lines
Swiss Re is to separate its agriculture and aviation divisions as part of a reorganisation of its special lines.
AIG on-risk for helicopter crash as Crawford investigates
Crawford & Company will handle claims arising from the fatal helicopter crash in south west London this morning.
Global Aerospace opens Cologne office
Global Aerospace has hired Joerg Jakobs to lead a new branch office in Cologne, Germany.
LMA teams up with IUA to run cross-market aviation committee
The Lloyd's Market Association will share the running of a cross-market aviation committee with the International Underwriting Association.
Market Moves: Liberty makes three additions
Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.
GAB Robins reports profit rise in 2011
GAB Robins' pre-tax profit increased to £2.14m for the full year 2011, from £1.56m in 2010.
Two aviation underwriters join Antares
Lloyd's insurer Antares has appointed Simon Hennessy and Russell Mason as aviation underwriters.
Lancashire's head of marine goes to Argenta
Argenta Holdings subsidiary Argenta Syndicate Management has appointed Vincent Leonardi as marine underwriter at Argenta Syndicate 2121.
Argenta recruits marine underwriter for Syndicate 2121
Argenta Syndicate, a subsidiary of Argenta Holdings, has appointed Vincent Leonardi to marine underwriter at Argenta Syndicate 2121.
Haagen replaces Karner as AGCS aviation head
Allianz Global Corporate & Specialty has appointed Henning Haagen as global head of aviation for its European, Middle East and Asia and Asia Pacific divisions.
Swiss Re covers solar plane planning first round the world flight
Swiss Re Corporate Solutions has become the sole insurance provider for Solar Impulse, the world's first purely solar-powered airplane able to fly through the night.
Aviva urges government action on whiplash after Westminster meeting
Aviva claims director Dominic Clayden has called for the government to increase the small claims limit on whiplash cases to £5 000 just hours after attending a meeting with industry bosses and the Transport Select Committee.