Aviation
Australian familes to bring MH17 lawsuit in ECHR
Eight Australian families are preparing to bring a joint-suit against Russia, Ukraine, Malaysia and Malaysia Airlines regarding the downing of the stricken Malaysia Airlines flight MH17.
AGCS predicts aviation exposure to exceed £638bn by 2020
Increasing fleet values and a rise in passenger numbers is expected to push the value of aviation risk exposure through the $1trn (£638bn) barrier by 2020, according to Allianz Global Corporate & Specialty.
Russian market facing 'significant challenges' despite premium growth
A predicted 10% rise in non-life Russian premiums in 2014 would be largely a result of inflation and masks the inherent problems faced by the profession in the country, according to Axco Insurance Information Services.
McLarens Aviation handling Virgin Galactic claims
McLarens Aviation has been appointed to handle claims emanating from the Virgin Galactic Space Ship Two crash, Post understands.
Tokio Marine Kiln syndicates forecast to deliver profits for 2012 and 2013
Tokio Marine Kiln Syndicates 510 and 557 remain forecast to deliver profits for the 2012 and 2013 years of account, according to updated forecasts for the two years of account.
Large losses below expectations at Catlin despite aviation disasters
Catlin has achieved third quarter gross written premium growth in line with its business strategy after chalking up a GWP rise of 11% to $4.89bn (£3.1bn) (Q3 2013: $4.42bn) for the period.
Novae delivers 6% GWP increase in Q3 despite property and casualty slump
Lloyd’s insurer Novae Group has chalked up a 6% increase in gross written premium to £515.1m for the period ended 30 September 2014 (Q3 2013: £484.6m), despite recording GWP reductions in its property and casualty businesses.
Galactic loss and Antares explosion likely to put pressure on rates
The recent crash of the Virgin Galactic test flight and the Antares rocket explosion will put upward pressure on rates across the aviation sector, according to AM Best.
Hardy looks to Hiscox for energy and marine division head
Hiscox's Carl Day has been appointed energy, marine and aviation head at Hardy.
EY appointed liquidator for Northern and Western
EY has confirmed it was appointed provisional liquidator for Northern and Western Insurance Company.
Q&A - Aviation: Turbulent times
In an unprecedented year of aerospace disasters, Post asks the experts how they expect recent tragedies to impact the aviation sector’s insurance policy renewals
Air India's premiums climb 15%
Air India has seen premiums for its fleet climb 15% on its 1 October renewal after a turbulent time for the aviation insurance sector.
Satellites: Space is the place
With an increased reliance on satellite technology, how can insurers mitigate against the major risks inherent in the rise of global communication networks?
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Reinsurance Rendezvous Preview: The full Monte
Key figures from the world of reinsurance give Post the rundown on the state of the sector and the issues likely to top the agenda at this year’s Reinsurance Rendezvous in Monte Carlo
Altitude hires former broker for underwriting role
Aviation and space underwriter Altitude Risk Partners has appointed former broker Charles Hollingworth as underwriter.
Interview: Charles Franks: Moving in together
Kiln chief executive Charles Franks chats to Post about the transformation into Tokio Marine Kiln, the firm’s new offices and his international outlook
Ryanair to remove ‘hidden’ opt out from travel insurance menu
No-frills airliner Ryanair will replace the ‘confusing’ travel insurance menu of its website by the end of the year, following pressure from consumer champion Which?
Thai airline grounded over safety fears
Thailand based City Airways has stopped flying after local authorities refused the airline permission to use its airports over safety concerns.
UN aviation body launches review into risks to commercial carriers
The International Civil Aviation Organization has established a senior-level task force composed of state and industry experts to address civil aviation and national security in the wake of the downing of Malaysia Airlines flight MH17.
Significant rate increases likely after disastrous period for aviation market
Sector facing highest losses since 9/11 following spate of tragedies in 2014
News Editor's Comment: What next for the aviation sector?
In the space of just over four months, the previously soft aviation market has been sent spinning off course by a succession of tragic incidents that are likely to contribute towards the market’s highest annual losses since the terrorist attacks of 11…
Wreckage of crashed Air Algerie flight found
The wreckage of a crashed Air Algerie flight from Burkina Faso to Algiers was found over Mali yesterday.
War risks market faces 'substantial rate increases' in wake of MH17 loss
The war risks market is likely to experience “substantial rate increases” following the total loss of Malaysia Airlines flight MH17, according to a report by AM Best.