Aviation
Lloyd's drones report highlights safety, security and surveillance concerns
Insurers are likely to demand greater risk mitigation measures from drone operators amid concerns around safety, security and surveillance, according to a Lloyd’s report.
C-Suite - Broker: Insure my Christmas drone
With the market for drones increasing, there are opportunities for insurers to provide new solutions.
Wreckage spotted as Indonesian authorities hunt missing plane
Wreckage has been spotted in the Indonesian mountain province of Papua after a plane carrying 54 people went missing.
Integro boosts aviation presence with division acquisition
Broker Integro has acquired the aviation division of AFL Insurance Brokers creating an additional UK-based aviation team.
Novae's renewal rates fell 3.3% on average in first half
Specialist (re)insurer Novae saw average renewal rates reduce 3.3% in the first half of the year.
Compulsory insurance for drones mooted as insurers are urged to review wordings
Insurers must review policy wordings that could be interpreted to cover drone use, legal experts have advised, amid calls for the industry to lobby regulators around safety laws and the potential for compulsory insurance relating to the emerging…
Insurers encouraged to lobby regulators on drone safety laws
Safety laws governing the use of drones have been pitched as a potential lobbying area for insurers to champion in an effort to mitigate large pay-outs from accidents or improper use of the technology.
Blog: Toxic fumes in airplanes?
Recent media coverage has put the issue of whether airplane passengers and crew can potentially be exposed to toxic cabin air back in the news. Could this result in new claims?
Coordinated approach to drone regulation registers on IUA radar
A coordinated approach to the regulation of aviation drones is essential for the technology to thrive, the International Underwriting Association has claimed, amid rapidly expanding interest in the use of small unmanned aircraft systems.
Indian reinsurer added to list of Altitude capacity providers
Altitude Risk Partners, Castel’s global aviation and space underwriting business, has added the General Insurance Corporation of India to its aviation capacity providers.
$1.5bn Fidelis aims to shake-up global (re)insurance market
Bermuda-based new entrant Fidelis is aiming to provide significant competition in the global (re)insurance sector after a significant investment.
Blog: The threat in the skies - have cyber attackers boarded the plane?
The aviation industry is fast becoming one of the hottest areas of interest among the cyber community - particularly insurers - as the risk profile to airplanes and carriers increases.
Drone industry growth spurred by insurer support
The support of the insurance industry in providing insurance cover for drone technology has allowed for the rapid development of the unmanned aerial systems industry, according to a Marsh report.
Drones: Up, up and away
The rise in drone use shows no sign of slowing down, both on a personal and commercial level. Insurers can utilise the technology to improve efficiency and tap into a new area of insurance.
Tokio Marine Kiln unveils drone product
Tokio Marine Kiln has launched what it claims is the first comprehensive insurance product for Unmanned Aerial Systems in the Lloyd's market.
Germanwings loss to maintain aviation market pricing pressure
Pricing in the aviation market is expected to remain competitive in spite of the Germanwings crash on 24 March, according to AM Best.
Cathedral leads consortia for Germanwings A320 war policy
Lancashire-owned Cathedral is leading the consortia on the Lufthansa war policy for the Germanwings Airbus A320 plane that crashed in France on 24 March.
International: A shortage of talent
With the number of qualified claims adjusters in Singapore falling by one-third over the past 10 years, the country is facing an acute shortage of talent
Hiscox eyes bolt-on acquisitions to boost growing retail book
Hiscox is keen to complete more bolt-on acquisitions as it looks to continue growing its retail book, according to chief underwriting officer Richard Watson.
Novae promotes Butcher to syndicates CEO
Novae has promoted Jo Butcher to Novae Syndicates CEO and Rob Forster to chief underwriting officer.
Aviation rate rises ‘more muted’ than initially hoped, says Beazley boss
Intense competition in the aviation market - particularly in the area of war risks - has prevented the industry securing the rate rises necessary following a spate of costly plane losses, according to Beazley’s chief underwriting officer Neil Maidment.
Tysers aviation MD Walters jets off to Gallagher
Arthur J Gallagher has hired Tysers’ aviation managing director Mark Walters to lead its own aviation division.
At least 31 dead in Taiwan plane crash
At least 31 people have been confirmed dead after a TransAsia Airways plane clipped a bridge near Taipei, Taiwan's capital, this morning.
Willis promotes Smaje to Willis GB broking head
Willis has promoted aerospace business CEO Philip Smaje to chief broking officer for Willis GB.