Aviation
La Playa achieves Lloyd’s status
Boutique broker La Playa has been approved as a registered Lloyd’s broker.
Willis Towers Watson eyes French aviation broker
Broker Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business.
Boeing 747 cargo plane crashes enroute from Hong Kong to Istanbul
At least 37 people have been killed after a Turkish cargo plane crashed into a village near the capital of Kyrgyzstan this morning.
Blog: Cyber risk in aviation
The cyber threat to planes is bound to raise public fears, but the aviation industry operates in a way that minimises risks.
Axis buys aviation specialist Aviabel
Bermuda-headquartered specialty (re)insurer Axis has reached an agreement to buy Brussels and Amsterdam based (re)insurer Aviabel.
Hiscox to ‘shrink’ London Market business in response to rate pressure
Hiscox is “actively reducing” its aviation, marine and energy business in the London Market, in response to severe rate pressure.
R&Q acquires legacy book from Belgian insurer
Randall and Quilter has taken on a portfolio of legacy exposures from Aviabel.
Allianz will not revise policy for crashed Airlander 10
Allianz will not revise premiums for the experimental Airlander 10, despite the aircraft crashing on its second flight last week.
The nomadic life: what does it take to be a specialist loss adjuster?
A group of new recruits to McLarens Aviation learn about what it takes to be a loss adjuster
Passenger drones: Look to the skies
The airspace above our cities could be the roadway of the future but what will insurance look like in times to come? And what kind of policy would cover flying taxi cabs – motor or aviation?
Blog: Airline ruled liable for delay caused by passenger
In a recent County Court judgment, an airline was held liable for compensation under Regulation 261/2004 for a nine-hour flight delay.
AGCS strengthens global aviation team
Allianz Global Corporate and Specialty has strengthened its global aviation team with three senior appointments.
Europe: Unclear skies for drones
Civil drones are taking off in a big way, with high-flying commercial potential, but machines invading airspace and pointing cameras at the homes of celebrities have prompted calls to clip their wings
FCA bans former broker Terence Joint from 'significant influence functions'
The Financial Conduct Authority has banned former insurance broker Terence Joint in relation to the handling and misapplication of client money between April 2011 and June 2012.
UK aircraft collision calls for greater regulation of drones
Experts have called for greater regulation of drones to minimise the risks to aviation, following a drone collision with a British Airways flight.
CII calls for tougher rules after drone hits aircraft
Insurance industry body the Chartered Insurance Institute has called for tougher regulation after a drone hit a British Airways aircraft on approach to Heathrow airport yesterday.
Political Lobbying: Don't mention the ‘L' word
Smoke and mirrors perpetuates the lobbying mystique but there is no need to bring in outsiders if there is someone with know-how and who can put together a well presented case
Brit-led commercial aviation consortium launches
Brit has launched a Lloyd's consortium for commercial general aviation with capacity also provided by Kiln, Hiscox, Apollo and Pritchard.
Drones: Attack of the drones
Unmanned aircraft and the risks they pose are under close scrutiny from the London market as it tries to decide what can and cannot be covered
Novae CEO Fosh confident for Q4 despite softening market
Novae Group CEO Matthew Fosh believes the specialist Lloyd’s player is “well positioned” for the final quarter, despite a softening rating environment, after achieving a 20.3% uptick in gross written premiums over the opening nine months of 2015.
Allianz confirmed as Sharm el-Sheikh plane crash reinsurer
Allianz Global Corporate and Specialty has confirmed it is the lead reinsurer for the downed Russian airliner in Sharm el-Sheikh, Egypt.
Airlines warned about dangers of Syrian conflict as MH17 inquiry concludes
International air safety agencies have warned that passenger airliners could be at risk from long-range Russian cruise missiles being fired at Syria.
Swiss Re's insurance arm buys Australian aviation business
Swiss Re Corporate Solutions has bought the whole of Assetinsure Holdings' aviation business for an undisclosed sum.
Impact Forum: Insurers need to reclaim the aviation market
Insurers need to regain control of the aviation market before it is too late, according to Olivier Marre, senior vice-president of aviation at Allied World.