Aviation

Novae profit declines

Pre-tax profits for 2009 at the (re)insurance group fell £9.6m due to first half losses but gross written premiums rose 10%

AIG unit CEO to retire

AIG's aeroplane leasing unit International Lease Finance Corporation (ILFC) said that its CEO Steven F. Udvar-Hazy will retire as director and chief executive officer is to retire.

Aviation: Turbulence ahead

The series of air disasters in 2009 were a human tragedy, yet made for only an average loss year for reinsurers. The market should be prepared for tougher times though, argues Eric Alexander

20 Years ago: Lockerbie boost for relatives

Lockerbie relatives seeking damages from Pan Am received a boost to their cause in a US federal court last week, when a judge ruled that punitive damages could be sought under the Warsaw Convention.

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